UAA - Under Armour gains 2% after Oppenheimer points to sales upside

Oppenheimer upgrades Under Armour ([[UAA]], [[UA]]) to an Outperform rating after having it slotted at Perform.Analyst Brian Nagel and team express confidence that Under Armour should see top-line improvement off a more targeted consumer focus and improved operational controls. COVID-19 related competitive fallout is also seen as a tailwind for the UAA recovery.Shares of Under Armour are up 1.75% premarket to $22.67.The Wall Street ratings scorecard on Under Armour shows 9 Buy-equivalent ratings, 18 Neutral-equivalent ratings and 5 Sell-equivalent ratings.

For further details see:

Under Armour gains 2% after Oppenheimer points to sales upside