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Telsey downgraded Under Armour (NYSE:UA)(NYSE:UAA) from Outperform to Market Perform with a price target of $8.00 (from $12.00). The analysts noted peers Adidas (OTC:ADDYY) and Nike (NYSE:NKE) have called out high inventory across the marketplace, which will push FY 2023 numbers lower. Shares gained 3% despite the downgrade.
SVB Financial (NASDAQ:SIVB) was downgraded at Janney, Piper Sandler, and CFRA following a lower outlook. Shares were slammed 24%.
Snap (NYSE:SNAP) was downgraded at Bernstein, MKM Partners, and BofA Securities following weak Q3 results. Shares fell 28% today.
JPMorgan downgraded Robert Half (NYSE:RHI) from Overweight to Neutral with a price target of $76.00 (from $89.00). Shares fell over 8% today.
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