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Plunge in Under Armour shares a buying opportunity, Jefferies says

March 27, 2017

Via: CNBC

Jefferies raised its rating for Under Armour shares to buy from hold, predicting the company’s earnings will beat expectations next year.

Under Armour shares are down 35 percent this year through Thursday, with most of the decline occurring after the company gave weaker-than-expected 2017 sales guidance on its Jan. 31 fourth-quarter earnings report. The shares are also down 55 percent in the previous 12 months.

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