Sterne Agee Reiterates Buy On Shares Of Under Armour
In a research report issued yesterday, Sterne Agee analyst Sam Poser reiterated a Buy rating on Under Armour (NYSE:UA). No price target was provided.
Poser wrote, “UA is well on its way to becoming the solid #2 player in athletic apparel & footwear combined. Continued focus on expanding the women’s business is paying off, but a longrunway remains. Kids’ growth is outpacing the other businesses, which is important for UA to become the “it” athletic brand in 5-10 years. 4Q14 implied guidance is conservative, and assumes normalized weather. Spending is aggressive, yet controlled & necessary for ongoing growth.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 16.7% and a 68.4% success rate. Poser has a 45.9% average return when recommending UA, and is ranked #42 out of 3343 analysts.