Diamonds and Dogs

11/27/19

Upgrade for Under Armour (UAA). The athletic apparel company is up 6% on a Raymond James upgrade with a $30 a share price target or 50% above current levels. The analyst said Under Armour was ahead of schedule with respect to new product sales and the headline risks linked to a recent Department of Justice investigation into their accounting practices might be less than first feared.

Deere (DE) still getting caught up in the trade war. Deere is down 4% to a two-month low on in-line earnings. Deere gave cautious outlook for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment. One analyst suggested the new CEO is setting a low bar and taking a very cautious approach given some of the uncertainties facing farmers.