UAA - Under Armour's Frequent Executive Changes Is Making Investors Anxious Says Analyst | Benzinga
BMO Capital Markets analyst Simeon Siegel reiterated an Outperform rating on the shares of Under Armour Inc (NYSE:UA) (NYSE:UAA) with a price target of $12.00.
Yesterday, Under Armour announced Kevin Plank’s return as CEO, replacing Stephanie Linnartz (CEO since early 2023).
The analyst notes it was a Board-level decision and though they appreciated what Stephanie Linnartz put in place, including hires and efforts in launching UA Rewards, they sought change.
Though the analyst expects Plank is excited to re-enter the role, it is to be recognized that with further C-Suite fluctuation, the burden of proof lies on management execution and results that show this is not repeating the recent past.
Truist Securities analyst Joseph Civello reiterated a Hold rating on the ...