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Under Armour Is Upgraded to Buy at Citigroup

Jacob Sonenshine

were upgraded at Citigroup Wednesday, sending the stock rising in premarket trading. Analyst Paul Lejuez at Citigroup lifted his rating on the stock to buy from neutral and raised his price target to $29 from $23 as he assumed coverage of the company. The $29 per share price target is about 40% above Tuesday's closing price of $20.72.