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Under Armour Retakes Key Support Level On Upgrade

2015-06-05 19:40:47| Footwear - Topix.net

Analyst Andrew Burns, who has a 91 price target on the stock, upgraded Under Armour to buy from neutral and sees Under Armour raising guidance in the latter half of the year. The company's 30% revenue compound annual growth rate since 2010 "makes it the fastest growing athletic brand in a strong athletic cycle," and should be able to support its 20%-25% annual growth target "for years to come," he said in a note acquired by Benzinga .

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