Morgan Stanley Downgrades Under Armour to Underweight, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Under Armour (NYSE:UAA) from Equal-Weight to Underweight and lowered the price target from $8 to $4.
July 23, 2024 | 10:12 am
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Morgan Stanley analyst Kimberly Greenberger has downgraded Under Armour from Equal-Weight to Underweight and reduced the price target from $8 to $4.
The downgrade from Equal-Weight to Underweight and the significant reduction in the price target from $8 to $4 by a reputable analyst at Morgan Stanley is likely to negatively impact investor sentiment and the stock price of Under Armour in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100