Evercore ISI Group Downgrades Under Armour to Underperform, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti downgraded Under Armour (NYSE:UAA) from In-Line to Underperform and reduced the price target from $8 to $7.
March 14, 2024 | 12:39 pm
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Under Armour was downgraded by Evercore ISI Group from In-Line to Underperform, with a price target reduction from $8 to $7.
The downgrade by a prominent analyst group like Evercore ISI, coupled with a lowered price target, typically signals a bearish outlook on the stock. This can lead to decreased investor confidence and potentially a short-term decline in the stock's price.
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