Will These Price Target Increases Help Under Armour (UA) Stock Today?

NEW YORK (TheStreet) -- Under Armour  (UA) received a pair of price target increases on Friday.

UBS increased its price target to $70 from $53 and set a "neutral" rating. The firm said the company is positioned for strong domestic and international growth.

Wedbush increased its price target to $72, increased its estimates and set an "outperform" rating, as the company is seeing higher growth across the board. 

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The stock was down 0.36% to $69.30 in pre-market trading on Friday.

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Separately, TheStreet Ratings team rates UNDER ARMOUR INC as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNDER ARMOUR INC (UA) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

You can view the full analysis from the report here: UA Ratings Report

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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