UBS has raised its price target for Under Armour to $12, while keeping its "Buy" rating, ahead of the company's upcoming quarterly results.
Analyst Jay Sole believes that the business outlook for the sporting goods supplier is slightly better than what the market expects.
Under Armour's stock is currently trading at $8.58, showing a small increase of 0.23% from the previous day.
Over the past year, the stock has ranged between a high of $9.57 and a low of $6.17, indicating some volatility in its performance.