UAA - Under Armour +3% after Stifel runs to the bull camp

Stifel turns constructive on Under Armour ([[UA]], [[UAA]]) after seeing balance sheet improvements and other underlying improvement.The firm moves to a Buy rating after having UAA slotted at Hold.Stifel's stance" "We are upgrading our rating to Buy from Hold and increasing our target price to $17 from $11. Greater confidence stems from improved quality of revenue, sightlines to revenue inflection in 2021, gross margin drivers from mix and a streamlined expense base pointing to opportunity for earnings leverage."BTIG was cautious on Under Armour after taking in the same Q3 report.See all the sell-side ratings on Under Armour.UAA +3.05% premarket to $14.26.

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Under Armour +3% after Stifel runs to the bull camp