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Actionable news in UA: UNDER ARMOUR Inc,

Under Armour (UA) Stock Rated 'Neutral' at Nomura

NEW YORK (TheStreet) -- Under Armour (UA) stock coverage was initiated at Nomura this morning with a "neutral" rating and $38 price target.

"With industry-leading growth, it seems clear UA has an impressive runway ahead," the firm said in a note.

But Nomura pointed out that the company's potential is "well understood" by the market, as the stock trades at 50 times fiscal 2017 per-share earnings.

"We expect footwear to outperform the original guide and see a meaningful wholesale opportunity...