Piper Jaffray Reiterates a Neutral Rating on Under Armour

December 23, 2015 6:06 PM

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In a report released today, Erinn Murphy from Piper Jaffray reiterated a Neutral rating on Under Armour (NYSE: UA), with a price target of $88. The company’s shares opened today at $82.91.

Murphy noted, “We are reiterating our Neutral rating on UA following the company’s announcement that they have named a new CFO. Former PetSmart CFO Chip Molloy will become Under Armour’s CFO effective January 19, 2016. This will provide roughly a one month of overlap with out-going CFO Brad Dickerso...

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