Under Armour (UAA) Not As Popular As Nike (NKE), Gets Downgrade

Under Armour (UAA) has been downgraded to neutral from overweight by JPMorgan. Jeff Pierce joins Alex Coffey and Jenny Horne to discuss UAA. He talks about how JPMorgan notes that UAA's overhang created lower-than-expected elevated promotional environment and its inventory overhang needs to be worked through. JPMorgan also lowered UAA's price target lowered to $10 from $13. UAA hit a 52-week high of $18.18 on March 29, 2022. Tune in to find out more about UAA and the stock market today.

Next Gen Investing

13 Mar 2023

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