Morgan Stanley Sees Fair Value On Under Armour

2/14/17

Morgan Stanley lifts Under Armour (UA, UAA) to an Equal-weight rating after having it slotted at Underweight. Valuation on UA is seen to be at a level that fairly balances risk and reward.

The investment firm lowers its price target to $20 from $25 to adjust to UA's sharp decline in share price.

Shares of Under Armour are up 1.07% to $18.85 in premarket trading vs. a 52-week trading range of $17.77 to $46.20.

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