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These 2 Analysts Are Bullish On Under Armour But Disagree Over Nike

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These 2 Analysts Are Bullish On Under Armour But Disagree Over Nike

Under Armour Inc (NYSE: UAA) is one of 2016's most beaten up S&P 500 components, but Wall Street analysts aren't ready to throw in the towel on the apparel and footwear maker.

Camilo Lyon of Canaccord Genuity was a guest on CNBC's "Squawk Box" segment on Wednesday and was asked if he would pick owning Under Armour's stock over Nike Inc (NYSE: NKE).

According to Lyon, Under Armour is the winner in this one-on-one battle, as Under Armour's global growth opportunity it faces in 2017 and beyond is "unparalleled." Moreover, the company managed to survive a very turbulent 2016, and investors will start to re-focus on its growth trajectory, including an expected growth rate in the mid-20 percent range.

Lyon maintains a $44 price target on Under Armour's stock.

Sam Poser: Don't Discount Under Armour's 'Unknowns'

Sam Poser of Susquehanna Financial Group was also a guest during CNBC's "Squawk Box" segment and shared a similar bullish sentiment on Under Armour. However, he isn't ready to declare the stock a clear winner over Nike.

Poser said that while he agrees with Lyon's overall thesis of Under Armour's strength, there are plenty of "unknowns" in the near term.

Poser suggested it was Nike that suffered several "hiccups" throughout 2016, but it will exit the year in a position to succeed in both the near and long term.

Latest Ratings for NKE

DateFirmActionFromTo
Mar 2022Cowen & Co.MaintainsOutperform
Jan 2022Wells FargoUpgradesEqual-WeightOverweight
Jan 2022Seaport GlobalInitiates Coverage OnBuy

View More Analyst Ratings for NKE

View the Latest Analyst Ratings

 

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Posted-In: Camilo Lyon Canaccord Genuity CNBCAnalyst Color Analyst Ratings Media Best of Benzinga

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PTLOPiper SandlerMaintains28.0
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