Under Armour is Upgraded by Morgan Stanley to ” Equal-Weight”

Under Armour (UAA) was Upgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Underweight ” on the company shares. Morgan Stanley advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, Under Armour reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jan 31, 2017. Analyst had a consensus of $0.25. The company had revenue of $1308.00 million for the quarter, compared to analysts expectations of $1409.12 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Under Armour closed down -0.11 points or -0.51% at $21.6 with 50,47,273 shares getting traded on Friday. Post opening the session at $22.18, the shares hit an intraday low of $21.32 and an intraday high of $22.2 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Under Armour

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