UAA - Under Armour gains Piper Sandler points to 25% upside

Piper Sandler lifts its rating on Under Armour ([[UAA]], [[UA]]) to an Overweight rating from Hold on its view that the company is on the path to knock out a series of sales and gross margin beats ahead."While shares have rebounded 30% YTD, we see another 25% from here and are upgrading shares from Neutral to Overweight as UAA's house is coming into order. Estimates are conservative and we believe management has left cushion in 2H--both on sales and gross margins." Shares of UAA are up 1.35% premarket after the Piper ratings boost. Earlier today, BTIG issued a different opinion on Under Armour with a backing of its Sell rating.

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Under Armour gains Piper Sandler points to 25% upside