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Under Armour, Inc. (UA) [hlAlert]

Rating:
Hold UA
down 35.71 %

Under Armour, Inc. (UA) upgraded to Hold with price target $31 by Citigroup

Posted on: Tuesday,  Jan 12, 2010  1:44 PM ET by Citigroup

Citigroup rated Hold Under Armour, Inc. (NYSE: UA) on 01/12/2010. Previously Citigroup rated Sell Under Armour, Inc. (NYSE: UA) on 01/30/2009.,
when the stock price was $4.63. Since then, Under Armour, Inc. has gained 55.57% as of 01/12/2010's recent price of $7.20.
If you would have followed the previous Citigroup's recommendation on UA, you would have lost 35.71% of your investment in 347 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/12/2010 1:44 PM Hold
None
7.20 7.75
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -5.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/30/2009 8:25 AM Sell
None
4.63 3.75
1/14/2008 10:50 AM Buy
None
11.29

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