Shares of Under Armour are buying and selling in a bear market after falling 35% from July's 52-week excessive, however Raymond James sees a giant
Shares of Under Armour are buying and selling in a bear market after falling 35% from July’s 52-week excessive, however Raymond James sees a giant rally forward for the reason that firm is on “the cusp of a multi-year, worthwhile, and sustainable development cycle.”
The agency upgraded the inventory to a “sturdy purchase” score on Wednesday, saying the retailer is “underrated” and an “underdog.” Earlier this month the corporate resumed protection on Underneath Armour, at which era it rated the inventory “outperform.” The agency’s $30 goal represents a 67% upside to the place the inventory is presently buying and selling.