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Actionable news in UA: UNDER ARMOUR Inc,

Under Armour (UA) Vulnerable to Further Declines; TheStreet Lowers Rating

NEW YORK (TheStreet) -- Shares of Under Armour (UA - Get Report) are down 9.07% to $68.20 in afternoon trading on Monday after being downgraded to "underweight" by analysts at Morgan Stanley.

Analysts at the firm also set a $62 price target on the company's shares, a potential 12.5% downside from the stock's opening price today.

The downgrade comes despite the company reporting double-digit gains in athletic shoe sales in the post-Christmas week.

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Under Armour, which is part of the Growth Seeker portfolio, was also downgraded to "hold" from "buy" by TheStreet Ratings. The downgrade reflects analysts view that the company's strengths...