Under Armour Class A (UAA) shares plunged 5.15% in Monday's intraday trading, reacting to a series of price target cuts from multiple Wall Street analysts. The sportswear giant faced a barrage of downward revisions, signaling growing concerns about the company's near-term prospects.

Several prominent financial institutions adjusted their outlook on Under Armour. Stifel reduced its target price from $10 to $9, while BofA Global Research cut its price objective more drastically from $8 to $6.50. UBS also lowered its target from $8 to $7.50, and Citigroup trimmed its price target from $6 to $5.50. In a notable move, Telsey Advisory Group significantly reduced its target price from $7 to $5.

The wave of downgrades suggests that analysts are becoming increasingly cautious about Under Armour's future performance. While the average rating remains a "hold," according to FactSet, the mean price target now stands at $6.14. This revised outlook could potentially impact investor sentiment and put further pressure on the stock in the coming trading sessions.