1246 ET - UBS expects Under Armour to deliver in-line 3Q EPS and unchanged guidance, a performance unlikely to change sell-side estimates, analysts say in a research note. While incremental foreign exchange pressure poses a risk to the sportswear brand's FY25 topline/margin outlook, the analysts say "slightly stronger-than-expected holiday sales and some gross margin upside driven by more aggressive reduction in promotions should help offset the impact." But UBS also believes overall sentiment in bearish, based on conversations with investors. The analysts add that their research and industry data also indicate mixed fundamental trends. UBS lowers its target price to $15 a share from $16. Shares rise 0.3% to $8.29.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
January 28, 2025 12:46 ET (17:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。