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Under Armour, Inc. (UA) [hlAlert]

Hold UA

Under Armour, Inc. (UA) rated Hold with price target $15 by Wedbush Morgan

Posted on: Wednesday,  Jan 14, 2009  1:25 PM ET by Wedbush Morgan

Wedbush Morgan rated Hold Under Armour, Inc. (NYSE: UA) on 01/14/2009. Previously Wedbush Morgan rated Buy Under Armour, Inc. (NYSE: UA) on
07/30/2008., when the stock price was $7.69. Since then, Under Armour, Inc. has lost 22.87% as of 12/12/2008's recent price of $5.93.
If you would have followed the previous Wedbush Morgan's recommendation on UA, you would have lost 22.86% of your investment in 135 days.

Under Armour, Inc. (Under Armour), is engaged in the business of developing, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company product offerings consist of apparel, footwear and accessories for men, women and youth. During the year ended December 31, 2008, the sales of apparel, footwear and accessories represented approximately 80%, 12%, and 4% of net revenues, respectively. The Company?s products are sold in North America, United Kingdom, France and Germany. The Company?s products are offered globally in approximately 17,000 retail stores.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2009 1:25 PM Hold
4.81 3.75
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/12/2008 9:25 AM Hold
5.93 6.25
7/30/2008 10:25 AM Buy
7.69 8.50
7/8/2008 10:25 AM Buy
6.23 7.50

(*) Stock Price at the time of the recommendation.
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