We recently published 10 Stocks Collapse Overnight. Under Armour Inc. (NYSE:UAA) is one of the best-performing stocks on Monday.
Under Armour extended its losing streak to a third consecutive day on Monday, shedding another 5.88 percent to close at $5.12 apiece following the rating and price target downgrades from two investment firms.
In its market note, Truist Securities lowered its price target for shares of Under Armour Inc. (NYSE:UAA) to $5 from $7 previously, while maintaining a “hold” rating, amid tariff headwinds that continue to put incremental pressure on its bottomline.
While Under Armour Inc. (NYSE:UAA) has previously expressed optimism about emerging positive indicators, Truist said it was waiting for more signs that turnaround initiatives and heavy brand investments would help drive demand before meriting an upgrade.
For its part, Stifel gave a price target higher than Truist, at $9, albeit a downgrade from the $10 previously. Stifel also maintained a “buy” recommendation for the stock.
According to Stifel, its revision reflected Under Armour Inc.’s (NYSE:UAA) weaker outlook guidance for the second quarter of fiscal year 2026, adding that the full fiscal 2026 could be half of 2025 levels.
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On Friday, Under Armour Inc. (NYSE:UAA) said it narrowed its net loss for the first quarter of fiscal year 2026 by 99 percent to $2.6 million from $305 million in the same period last year.
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