UBS has increased its price target for Under Armour from $11 to $12 in anticipation of the company's upcoming quarterly earnings report.
The analyst, Jay Sole, believes that the business outlook for Under Armour is slightly better than what the market expects.
The adjustment in the price target reflects UBS's confidence in Under Armour's ability to effectively navigate the current market conditions.
Investors are eagerly awaiting the release of Under Armour's financial results, which are expected to provide more insights into the company's performance.