Under Armour forms partnership with Naval Academy Athletic Association The Naval Academy Athletic Association and Under Armour announced a new multiyear partnership that designates Under Armour as the official outfitter of their varsity intercollegiate athletic programs. Under Armour will outfit all of the Naval Academy's 33 men's and women's varsity athletic teams beginning in the 2014-15 season. The partnership also includes marketing and promotional opportunities.
lululemon upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded lululemon (LULU) to Overweight saying its recent field work has indicated positive traffic and demand trends while management is laying the foundation for sustainable growth. The firm raised its price target for shares to $75 from $50. The retailer of athletic apparel closed yesterday up 90c to $63.76. JPMorgan notes that its $75 price target reflects a 20% discount to peers Nike (NKE) and Under Armour (UAUA).