CNBC Pro

Citi upgrades Under Armour to buy, indicates stock can jump more than 50%

The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.
Brandon Bell | Getty Images

The success of Nike's pivot to online sales in recent years is now boosting one of its chief rivals, according to Citi.

More In Street Calls

CNBC ProWells Fargo upgrades Rocket Companies, sees 20% comeback despite 'tough mortgage backdrop'
CNBC ProOil could plummet to the $60s if a recession hits, Citi speculates
CNBC ProBuy shares of Crocs, which could climb 50% from here on `healthy sell through', Loop Capital says