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JPMorgan upgrades Under Armour to overweight after earnings beat, thinks stock can run 30% higher

People walks past a Under Armour clothing store in Siam Center, Bangkok.
Guillaume Payen | SOPA Images | LightRocket | Getty Images

JPMorgan upgraded Under Armour to an overweight rating after the company's better-than-expected quarterly report, saying the stock is relatively cheap and citing growth in the sportswear industry

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