Courtesy Citybizlist – Under Armour Inc. is on Bank of America/Merrill Lynch’s list of top stocks to buy. The list is intended to represent a collection of their best investment ideas, drawn from the universe of buy-rated U.S. listed stocks (including ADRs).
The Baltimore-based apparel maker had $400 million of sales from women’s products in 2012 and added Leannne Fremar as executive creative director for Women’s Product. Merrill Lynch has a $68 price target, and the consensus is at $64.
Under Armour “is a top consumer discretionary name to buy. The apparel manufacturer, has made it clear that it wants to make a push into Lululemon Athletica Inc.’s (NASDAQ: LULU) territory,” 24/7 Wall St. said.
Read more at Citybizlist
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