Fashion > Financial

Under Armour's Stock Is Up After New J.P. Morgan Note

3 monthes ago   |   By WWD

Under Armour's comeback continues.
Shares of the sports apparel, accessories and footwear maker shot up more than 7 percent during Friday's trading session, after J.P. Morgan released a new note, upgrading the stock to “overweight.”
The Baltimore-based company seemed to be setting a new tone after last year's embarrassing revelations that executives were allowed to expense strip club visits. Since January, company shares have been up 26 percent.
J.P. Morgan analyst Matthew Boss described Under Armour as moving forward with “controlled confidence.” The firm anticipates a 6 percent revenue...
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