Citigroup Maintains Neutral on Under Armour, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez has maintained a Neutral rating on Under Armour (NYSE:UAA) and lowered the price target from $8 to $7.
May 07, 2024 | 5:44 pm
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Citigroup has maintained a Neutral rating on Under Armour and reduced the price target from $8 to $7.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Under Armour. The Neutral rating suggests that the analyst does not see significant upside or downside from the current price level, but the lowering of the price target indicates a less optimistic view on the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100