UPDATE: JP Morgan Initiates Under Armour at Underweight on High Growth Hurdles
December 12, 2012 at 10:48 AM EST
JP Morgan initiated coverage on Under Armour (NYSE: UA ) with an Underweight rating and a $45 price target. JP Morgan commented, "While UA's long-term growth horizon is substantial (women's, International, Footwear under-penetrated) the company is entering an intermediate growth stage (28%