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Actionable news in UA: UNDER ARMOUR Inc,

Under Armour (UA) Stock Slides on Ratings Downgrade

NEW YORK (TheStreet) -- Shares of Under Armour (UA) were down in pre-market trading on Wednesday after its stock rating was lowered to "hold" from "buy" in a note released at Argus earlier today.

The sportswear retailer will likely need to invest heavily to expand its business going forward, the firm said in a note cited by TheFly.

These investments could weigh on the Baltimore-based company's returns during the next year, Argus added.

(Under Armour is held in the Growth Seeker...