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January 29, 2013
07:13 EDTUAUnder Armour recommended ahead of Q4 results at Credit Suisse
Credit Suisse reiterated its Outperform rating on Under Armour ahead of Q4 results on Thursday. The analyst believes concerns regarding a slowdown in top-line momentum are overdone, and notes that a favorable sourcing environment and improved supply chain operations will increase operating leverage long-term. Shares are Outperform rated with a $59 price target.
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