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Wells Fargo upgraded Under Armour (NYSE:UA) from Market Perform to Outperform in a report released today.

Yesterday Under Armour (NYSE:UA) traded 1.35% higher at $37.78. The company’s 50-day moving average is $39.73 and its 200-day moving average is $40.19. The last closing price is down -4.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 411,624 shares of the stock traded hands, down from an average trading volume of 4,146,940

Wells Fargo has upgraded Under Armour (NYSE:UA) from Market Perform to Outperform in a report released on 10/10/2016.

Previously on 09/30/2016, Guggenheim reported on Under Armour (NYSE:UA) reduced the target price from $50.00 to $38.60. At the time, this indicated a possible upside of 0%.

See Chart Below

Under Armour (NYSE:UA)

Under Armour has a 52 week low of $31.61 and a 52 week high of $52.37 with a P/E ratio of 98.69 The company’s market cap is currently $0.

In addition to Wells Fargo reporting its stock price target, a total of 1 broker has issued a research note on the company. The average stock price target is $53.62 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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