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Stock Market & Financial Investment News

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June 4, 2014
09:56 EDTUA, LULU, NKE, SKXUnder Armour rises after analyst says growth potential underestimated
Shares of athletic apparel maker Under Armour (UA) are rising after research firm Jefferies upgraded the stock to Buy from Neutral in a note to investors earlier today. WHAT'S NEW: Jefferies analyst Randal Konik wrote that the firm's survey indicates that Under Armour's dominance with young people and women is growing, while many men are also buying the company's athletic apparel. The market is underestimating Under Armour's long-term growth potential, contended Konik, who predicted that the company can generate $15B in sales over the next decade, as athletic apparel sales should continue to be strong. He raised his price target on the shares to $65 from $50. OTHERS TO WATCH: Nike (NKE) competes with Under Armour in apparel, footwear, and other areas. lululemon (LULU) also makes athletic apparel, while Skechers (SKX) makes sports footwear. PRICE ACTION: In early trading, Under Armour gained 1.2% to $51.71.
News For UA;LULU;NKE;SKX From The Last 14 Days
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August 28, 2014
12:26 EDTLULUlululemon retreats following DA Davidson downgrade
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09:57 EDTLULUOn The Fly: Analyst Downgrade Summary
Brown Forman (BFA, BFB, BF.A, BF.B) downgraded to Hold from Buy at Deutsche Bank... GT Advanced (GTAT) downgraded to Underperform from Market Perform at Raymond James... Genuine Parts (GPC) downgraded to Neutral from Buy at SunTrust... InterMune (ITMN) downgraded to Neutral from Buy at UBS... Tesco (TSCDY) downgraded to Hold from Buy at Deutsche Bank... Visa (V) downgraded to Market Perform from Outperform at Raymond James... Williams-Sonoma (WSM) downgraded to Equal Weight from Overweight at Morgan Stanley... Bob Evans (BOBE) downgraded to Underweight from Equal Weight at Stephens... lululemon (LULU) downgraded to Neutral from Buy at DA Davidson... J.C. Penney (JCP) downgraded to Neutral from Buy at BTIG.
09:55 EDTLULULululemon Athletica September volatility elevated into Q2
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08:14 EDTLULUlululemon downgraded to Neutral from Buy at DA Davidson
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August 27, 2014
07:28 EDTNKENike gaining share in U.S. back to school market, says Stifel
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August 21, 2014
11:24 EDTNKE, UAUnder Armour offered Durant $265M-$285M contract, ESPN reports
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August 20, 2014
06:20 EDTSKXSkechers price target raised to $66 from $60 at Citigroup
Citigroup expects Skechers' momentum to continue into the second half of the year following "upbeat" meetings with management. Citi upped its price target to $66 and raised its earnings estimates for the company. The firm reiterates a Buy rating on the stock.
August 18, 2014
15:18 EDTLULUAdvent International reports 14.82% stake in lululemon
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