U.S. Markets closed

Under Armour: Who's Steering This Sinking Ship?

It's been a tough year for Under Armour (UAA), with the shares down more than 55%, and the "revolving door" of leadership isn't helping the situation, says Stifel. Analyst Jim Duffy and his team reiterated a Hold rating and $12 price target on the stock today, following news late Tuesday that Under Armour’s SVP of Footwear will be leaving the company. Duffy writes that his departure comes after "underwhelming" results form the company's footwear business and he follows a number of other senior executives out the door in recent months.