NEW YORK (TheStreet) -- Under Armour's (UA) - Get Report price target was raised to $52 from $51 at Credit Suisse on Friday morning. The firm maintained its "neutral" rating on the stock.

Credit Suisse also raised its 2015 full year earnings estimates to $1.05 from $1.04 per share, with 2016 earnings estimates increased to $1.29 from $1.28 per share.

On Thursday, Under Armour reported its 2015 second quarter financial results and posted earnings of 7 cents per share on revenue of $783.6 million. This compares to the 8 cents per share on revenue of $609.7 million the company reported for the same period last year.

"Under Armour delivered a solid quarter, topping expectations and nudging up 2015 guidance. Demand remains healthy across apparel and footwear," Credit Suisse said in an analyst note.

Under Armour, based in Baltimore, MD, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth.

Shares of Under Armour are gaining by 0.63% to $96.53 in early afternoon trading on Friday.

Separately, TheStreet Ratings team rates UNDER ARMOUR INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNDER ARMOUR INC (UA) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: UA Ratings Report

UA

data by

YCharts