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Under Armour, Inc. (NYSE: UA) downgraded to Hold by BB&T Capital Mkts

Friday,  Oct 23, 2015  10:25 AM ET by Lynn Gilbert

BB&T Capital Mkts downgraded Under Armour, Inc. (NYSE: UA) to Hold. Previously,
BB&T Capital Mkts rated Under Armour, Inc. (NYSE: UA) to Buy with price target $80 on 11/18/2014, when the stock price was valued at $69.22.

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.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.

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