Analysts at Jefferies are bullish on Under Armour’s stock despite some recent lackluster trends. The athletic apparel maker is among the names in the retail industry that have seen a steep decline in its share price. Last year, the company lost 76% of its value. Under Armour shares peaked at $100 in 2014, and now trade around $20.
Additionally, in a note to clients sent out on Tuesday, RBC Capital Markets listed the firm among the ten retailers that will experience the the largest revenue deceleration in 2017.
But the athletic apparel maker may have better days on the horizon.
A group of equity analysts at Jefferies think Wall Street is ignoring some key tailwinds for the company. As such, they have raised…