Under Armour extends partnership with U.S. Speedskating through 2022 Under Armour and U.S. Speedskating announced earlier an eight-year extension of their initial partnership, which had been set to expire this year. As part of the agreement, which Under Armour said represents the brand's largest and most comprehensive commitment to the sport, the company will remain as the National Team's exclusive competition suit provider through December 31, 2022. Under Armour noted it currently has uniform-exclusivity agreements with three National Governing Bodies, including USA Bobsled and Skeleton, USA Gymnastics and Canada Snowboard.
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).