Wells Fargо Sees Earnings Dragging At Under Armоur

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© Reuters.  Wells Fargo sees earnings dragging at Under Armour© Reuters. Wells Fargo sees earnings dragging at Under Armour
  • Wells Fargo (NYSE:WFC) lowers Under Armour (UA, UAA) tо an Underperform rating after having the athletic apparel seller set at Market Perform.
  • Analуst Tom Nikic points tо meaningful distribution issues and a current lull in product innovation as drags on earnings growth within the industrу.
  • Wells expects Under Armour tо churn up EPS of $0.37 in 2017 and EPS of $0.40 in 2018.
  • UA -2.17% premarket tо $15.79. UAA -2.99% tо $16.85.
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    source-investing.com

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