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Stock Market & Financial Investment News

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June 4, 2014
09:56 EDTLULU, SKX, UA, NKEUnder 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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April 17, 2015
08:06 EDTUAUnder Armour price target raised to $91 from $85 at Cowen
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07:34 EDTUAUnder Armour golf business accelerating after Spieth win, says Piper Jaffray
Piper Jaffray analyst Erinn Murphy says shore checks show Under Armour's golf business is seeing accelerating momentum since Jordan Spieth's Masters win last weekend. Murphy believes golf sales for Under Armour can double and reach more than $400M in the next few years. She raised her price target for shares to $93 from $90 and keeps an Overweight rating on the name ahead of the company's Q1 results on Tuesday. Deutsche Bank this morning also raised its price target for Under Armour shares to $93. The stock closed yesterday up $1.50 to $85.71.
07:20 EDTUAUnder Armour price target raised to $93 from $85 at Deutsche Bank
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07:04 EDTSKXSkechers May volatility elevated into Q1 and outlook
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April 15, 2015
11:28 EDTSKXSkechers May volatility elevated into Q1 and outlook
Skechers May option implied volatility is at 45, June is at 37, July is at 37; compared to its 26-week average of 39 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 20.
10:00 EDTNKEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
April 14, 2015
16:25 EDTNKEPiper upgrades Nike to buy following survey of teens
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16:06 EDTNKENike upgraded to Overweight from Neutral at Piper Jaffray
08:21 EDTUAUnder Armour one of best growth stories in retail, says Canaccord
Canaccord called Under Armour one of the best growth stories in retail and said it expects solid Q1 results from the company on April 21. The firm sees a robust sales growth trajectory, led by footwear, international, and women's products. Canaccord reiterated its Buy rating and $97 price target on Under Armour shares.
April 13, 2015
08:32 EDTNKE, UAUnder Armour rises after Spieth brings attention to golf gear
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April 9, 2015
09:18 EDTNKEBofA/Merrill retail analysts hold an analyst/industry conference call
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06:41 EDTUA, NKEPiper ups Under Armour target after meeting with Finish Line
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April 8, 2015
10:01 EDTLULUOn The Fly: Analyst Upgrade Summary
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09:27 EDTLULUlululemon rises moderately after upgrade, levels to watch
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09:20 EDTLULUOn The Fly: Pre-market Movers
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09:06 EDTLULUlululemon CFO, products leave favorable impression, says BB&T
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07:44 EDTLULUlululemon upgraded at Sterne Agee
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07:35 EDTUAFBR says Under Armour can post high-20% sales growth for several years
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06:29 EDTLULUlululemon upgraded to Buy from Neutral at Sterne Agee
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April 7, 2015
14:27 EDTLULUlululemon CFO impressive in meeting, says KeyBanc
KeyBanc said it was impressed by new lululemon CFO Stuart Haselden in a recent meeting and the firm believes his operational and financial experience should help the company keep improving its operations. The firm repeated that it views lululemon as one of the best product turnaround opportunities within its coverage and it maintains an Overweight rating on the stock.
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