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Closing Bell

Under Armour Inks Ravens Rookie Matt Elam To Endorsement Deal

Ravens rookie S Matt Elam has signed a multiyear endorsement deal with Under Armour, and he will wear UA "footwear, gloves and performance gear during NFL games and practices." He also will make "promotional appearances." The deal was negotiated by Kerns Marketing & Management (BALTIMORESUN.com, 6/12).

While the company's stock has dropped since its Investor Day last Wednesday, there has been "no apparent change in how the company is viewed by analysts." Goldman Sachs has said UA Founder, President & CEO Kevin Plank's stated revenue goals are "achievable." Brokerage firm Stern Agee and others have "advised investors to buy and are projecting continued growth from the company" (BALTIMORESUN.com, 6/12).

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