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Under Armour (NYSE:UA) has been upgraded from Neutral to Overweight in a statement by Piper Jaffray earlier today.

Boasting a price of $38.18, Under Armour (NYSE:UA) traded -0.88% lower on the day. With the last stock price close down -4.82% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $39.31 and a 200-day moving average of $40.12. 3,020,459 shares of the stock were exchanged, down from an average trading volume of 4,070,080

Piper Jaffray has upgraded Under Armour (NYSE:UA) from Neutral to Overweight in a statement released on 10/14/2016.

See Chart Below

Under Armour (NYSE:UA)

Under Armour has a 52 week low of $32.03 and a 52 week high of $50.72 with a P/E ratio of 98.40 The company’s market cap is currently $0.

In addition to Piper Jaffray reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is $53.62 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Under Armour (NYSE:UA)

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company's segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness. Its apparel is offered in various styles and fits to improve comfort and mobility, regulate body temperature and improve performance regardless of weather conditions. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves. Its accessories include HEATGEAR and COLDGEAR technologies. It offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, Endomondo and UA Record applications.

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