Under Armour falls after Citigroup downgrades to 'sell'

Under Armour

10/02/2026 11:25

** Shares of sportswear maker Under Armour UAA.N down 5% at $7.44 premarket

** Citigroup downgrades stock to "sell" from "neutral"; PT at $6.20

** Says it remains cautious on the brand’s turnaround, flagging intense competition and persistently weak DTC trends at UAA

** Adds UAA should invest more in marketing and brand building

** 3 of 26 brokerages rate stock "buy" or higher, 21 "hold" and 2 "sell"; median PT is $8 - data compiled by LSEG

** UAA fell ~40% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru )

((Sanskriti.Shekhar@thomsonreuters.com))