** Barclays Equity Research cuts PT on sportswear maker Under Armour UAA.N to $8 from $11, citing high competition and promotional pressure
** Brokerage says trends are expected to remain soft throughout remainder of FY25
** Says negative sales growth driven by weakness within Asia Pacific region as it is highly competitive and promotional environment
** "We await signs of a stabilization in revenue trends and indications of a return to sustainable growth before getting more constructive," brokerage says
** New PT is 5.3% upside to stock's last close
** UAA on Thursday raised its annual profit forecast after beating quarterly profit estimates
** Four of 25 brokerages rate stock "buy" or higher, 17 "hold" and four "sell"; median PT is $10 - data compiled by LSEG
** Stock fell 5.8% in 2024
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
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