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 (NYSE: UA) from Neutral to Overweight and downgraded shares of L Brands Inc (NYSE: 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.