Under Armour Downgrade Pushes UA Stock Down

But an analyst set a 2017 price target well above its current price

   

Under Armour Downgrade Pushes UA Stock Down

UnderArmourPromo Under Armour Downgrade Pushes UA Stock DownUnder Armour (UA) shares slipped more than 2% in Thursday morning trading after an investment firm trimmed its rating for UA stock.

Sterne Agee cut its rating for Under Armour stock from “Buy” to “Neutral,” SeekingAlpha notes.

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Despite the downgrade, a Sterne Agee analyst set a 2017 price target of $170 for Under Armour stock.

Under Armour stock closed at $122.01 on Wednesday.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/03/armour-downgrade-pushes-ua-stock/.

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