Sell-Side Turns on U.S. Consumer Discretionary as Barclays Cuts Under Armour and Gap
Twin downgrades citing intensifying competition and elevated promotional activity land alongside a bullish Baird revision on First Solar tied to tariff clarity, sharpening the rotation out of apparel retail and into policy-advantaged industrials.
Barclays downgraded both Under Armour and Gap, pointing to competitive share loss and a promotional environment that threatens gross margin recovery. The moves anchor a broader analyst reshuffle that included a Baird upgrade of First Solar on tariff clarity, a Baird downgrade of Accendra Health, a JPMorgan upgrade of Grupo Cibest on an earnings beat, and fresh Citizens outperform coverage on Securitize.
BREAKING STORYBEARISH