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Under Armour to Jump on Intl. Sales: Deutsche Bank

Shoshanna Delventhal

Shares of Under Armour Inc. ( UAA) continue to make comeback this year, gaining nearly 4% on Monday on an upbeat note from a team of analysts who indicate that investors are underestimating the athletic apparel and footwear maker's opportunities in international markets. The Baltimore-based sneaker maker, which heads off against U.S. rival Nike Inc. ( NKE), the world's largest athletic apparel company, and revived German competitor Adidas AG ( ADDYY) has been met with criticism on the Street regarding its tarnished brand identity and its failure to keep up with its peers to meet evolving consumer preferences and navigate a shift to online shopping. Deutsche Bank analyst Paul Trussell wrote a note to clients indicating while wholesale trends in North America continue to face pressure, weakness should be offset by a "rapidly growing" international business.