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Actionable news in UA: UNDER ARMOUR Inc,

More Squawk From Jim Cramer: Morgan Stanley Thinks Under Armour (UA) Has Peaked

NEW YORK (TheStreet) -- Under Armour (UA - Get Report) stock is tumbling 3.88% to $41.85 in early-morning trading on Monday after Morgan Stanley (MS) slashed its price target to $32 from $64 on shares, claiming that the company is losing market share for the first time in three years as U.S. wholesale apparel growth slows.

This paired with weak trends in running footwear will result in quarterly sales misses and multiple contraction, according to the firm.

"I'm into Under Armour," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning. "I'm just saying, could you please refute some of these things?"

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