Under Armor Inc, L Brands Inc Moving In Opposite Directions Following Piper Jaffray Rating Changes

Earlier Wednesday morning, Piper Jaffray upgrades shares of Under Armor Inc UA from Neutral to Overweight and downgraded shares of L Brands Inc LB from Overweight to Neutral.

Following the rating changes, Under Armor's shares have risen ~0.66 percent, while shares of L Brands have fallen ~0.44 percent.

Looking at Under Armor, analyst Erinn Murphy said the company has potential for "significant market shares gains" and could more than double its market cap.