Shares of Under Armour Class A (UAA) took a significant hit in Monday's trading session, plummeting 5.04% following a bearish analyst move. The sharp decline comes as TD Cowen, a prominent financial services firm, cut its price target for the athletic apparel maker.

TD Cowen revised its target price for Under Armour from $6 to $4, representing a substantial 33% reduction. This adjustment signals growing concerns about the company's near-term prospects and potential challenges in the competitive sportswear market. The dramatic cut in the price target likely prompted investors to reassess their positions, contributing to the sell-off.

The market's strong reaction to the analyst's downgrade underscores the influence that Wall Street opinions can have on investor sentiment. As Under Armour continues to navigate a challenging retail environment, this latest setback may put additional pressure on the company to demonstrate its ability to drive growth and improve its market position. Investors will be closely watching for any strategic moves or performance improvements that could help reverse this negative trend.