Under Armour Inc.’s stock price fell 2 percent Tuesday on concern of a slowdown in the apparel industry. Wells Fargo downgraded the Baltimore sportswear maker to “market underperform” and slashed its stock price target from $17 per share to $13. Shares of Under Armour were down 3 percent in afternoon trading Tuesday to $16.84. Analyst Tom Nikic wrote in a note to investors that the apparel industry “has had a remarkable track record of success over the long term” but “appears poised to take a breather…
from https://www.bizjournals.com/baltimore/news/2017/09/19/under-armour-shares-fall-after-wells-fargo-lowers.html?ana=RSS%26s=article_search
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