Under Armour Downgrade Pushes UA Stock Down
But an analyst set a 2017 price target well above its current price
Under 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.
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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