Under Armour, Inc. (NYSE:UA) is one of the best penny stocks to buy according to hedge funds. UBS reiterated a Buy rating on Under Armour, Inc. (NYSE:UA) on September 29, assigning a price target of $7.50.
However, Under Armour, Inc. was downgraded to a Hold on September 15 by Redburn Atlantic analyst Geoff Lowery, who assigned a $6.00 price target to the stock.
Under Armour, Inc. develops, markets, and distributes branded athletic performance apparel, accessories, and footwear for men, women, and youth. It operates in four geographic segments: North America, EMEA, Asia-Pacific, and Latin America.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
