Under Armour Inc Class C
UA: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| C@ | LOCK|hH | LOCK|mR%Cqhm |
Under Armour: Deeper Restructuring Includes Surprising Curry Brand Surrender; Shares Undervalued
Under Armour announced larger cuts in personnel and sponsorships under its ongoing turnaround plan than originally expected. Most significantly, Curry Brand will become independent. Under Armour raised its expectation for total restructuring charges to $255 million from $160 million previously.
