Cowen names Under Armour a best idea, says apparel stock can rise more than 50%
An Under Armour store is seen on November 04, 2019 in Sunrise, Florida.
Joe Raedle | Getty Images
Investors should take advantage of recent weakness in Under Armour to add a stock with major upside, according to investment firm Cowen.
The apparel stock has shed about 10% over the past three months and is now trading near its pre-pandemic levels.
Cowen analyst John Kernan reiterated his buy rating on the stock and added it to the firm’s best ideas list for small and mid-cap names, saying in a note to clients that the stock looks even more attractive after the recent decline.