Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street pick and putting it under the microscope.
Under Armour (NYSE: UAA) (NYSE: UA) stock has shed more than half its value since the start of the year — and if you ask Wall Street, the worst is yet to come.