BUZZ-Under Armour falls after Citigroup downgrades to 'sell'
Reuters
Feb 10
BUZZ-Under Armour falls after Citigroup downgrades to 'sell'
** Shares of sportswear maker Under Armour UAA.N down 5% at $7.44 premarket
** Citigroup downgrades stock to "sell" from "neutral"; PT at $6.20
** Says it remains cautious on the brand’s turnaround, flagging intense competition and persistently weak DTC trends at UAA
** Adds UAA should invest more in marketing and brand building
** 3 of 26 brokerages rate stock "buy" or higher, 21 "hold" and 2 "sell"; median PT is $8 - data compiled by LSEG
** UAA fell ~40% in 2025
(Reporting by Sanskriti Shekhar in Bengaluru )
((Sanskriti.Shekhar@thomsonreuters.com))
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