Evercore ISI Group Maintains Underperform on Under Armour, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti has maintained an 'Underperform' rating on Under Armour (NYSE:UAA) and lowered the price target from $7 to $6.
May 17, 2024 | 1:49 pm
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Evercore ISI Group has maintained an 'Underperform' rating on Under Armour and lowered the price target from $7 to $6, indicating a bearish outlook.
The 'Underperform' rating and lowered price target suggest that the analyst expects Under Armour's stock to underperform relative to the market. This negative sentiment is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100