Tuesday, FBR Capital Markets initiated coverage of Under Armour, Inc. (UA) stock with an Outperform rating and a price target of $34.
Analyst Eric Tracy noted that although Under Armour may be reaching an inflection point in its life cycle, set to retrench its footwear business to position for longer-term growth, he believes that the company is one of the few apparel vendors that has legitimate long-term top-line growth potential supported by apparel product extensions, domestic distribution expansion, international penetration, and ultimately, the scaling of its footwear business.
The analyst said that the strength of the Under Armour brand, a solid management team, and a clean balance sheet position the company to weather the difficult consumer environment and should allow it to take share as sector rationalization unfolds.
Currently, UA is down $0.21 or 0.72% and trading at $28.88.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.