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LULU

lululemon

$67.37

1.24 (1.88%)

07:04
11/29/17
11/29
07:04
11/29/17
07:04

Investors anticipating solid report, guidance raise from lululemon, says Stifel

Stifel analyst Jim Duffy said he views lululemon CEO Laurent Potdevin's prior comments about being "energized" by the company's momentum entering the holiday season as a "de facto affirmation" of Q3 guidance and believes a solid report and modest fiscal year guidance increase is already being anticipated by the market. The analyst, who notes the company's easy comparisons in the first half but also the structural traffic headwinds across retail, keeps a Hold rating and $66 price target on lululemon shares.

  • 06

    Dec

  • 08

    Jan

LULU lululemon
$67.37

1.24 (1.88%)

10/20/17
SBSH
10/20/17
UPGRADE
Target $73
SBSH
Buy
lululemon upgraded to Buy from Neutral at Citi
Citi analyst Paul Lejuez upgraded lululemon athletica to Buy and raised his price target for the shares to $73 from $62. The athletic apparel maker closed yesterday up 37c to $60.09. Recent market concerns around Amazon.com (AMZN) competition, denim trends and weather are overblown, Lejuez tells investors in a research note. He believes current lululemon share levels represent an attractive entry point for "one of the best performing brands (and long term growth stories) in all of retail."
10/20/17
10/20/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. lululemon (LULU) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez saying recent market concerns around Amazon.com (AMZN) competition, denim trends and weather are overblown, Lejuez tells investors in a research note. 2. TechnipFMC (FTI) upgraded to Buy from Hold at Gabelli with analyst Simon Wong saying its well positioned to gain market share in subsea production systems, maintains a strong balance sheet, and believes concerns over its EPC business are overblown. 3. Harley-Davidson (HOG) upgraded to Buy from Hold at Argus with analyst David Coleman citing market share gains and a strengthening of its product mix, despite industry-wide pricing pressure. 4. Philip Morris (PM) upgraded to Buy from Hold at Societe Generale. 5. Owens Corning (OC) upgraded to Neutral from Sell at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/27/17
KEYB
11/27/17
NO CHANGE
KEYB
Rapid erosion in physical stores may be abating, says KeyBanc
KeyBanc's research consumer team says that while online remains the key avenue for growth, the rapid erosion in physical store sales may be abating. The analyst noted that strong store checks reinforce their thesis that apparel is back, with the strongest traffic at Urban Outfitters (URBN) and lululemon (LULU). Meanwhile, Wal-Mart (WMT) was able to eschew wrist bands and had solid inventory of doorbusters, while Gap (GPS) saw strong traffic at Old Navy, they contend. Additionally, KeyBanc's team says its channel checks suggest Best Buy (BBY) continues to gain share and drove healthy traffic, while Bed Bath & Beyond (BBBY) offered slightly more aggressive, but still uninspiring, undifferentiated promotions. Moreover, they believe Conn's (CONN) maintains momentum with its credit offering, credit improvement story, and the recovery in the Hurricane Harvey impacted markets. Checks also revealed solid Beauty positioning, with Ulta Beauty (ULTA) as a winner with strong holiday positioning and good traffic on Thursday/Friday, the analysts added.
11/27/17
BOFA
11/27/17
NO CHANGE
Target $75
BOFA
Buy
lululemon price target raised to $75 from $70 at BofA/Merrill
BofA/Merrill analyst Rafe Jadrosich raised lululemon's price target to $75 from $70 saying Black Friday weekend store checks indicate "healthy" traffic with similar markdowns as prior years. The analyst said new fabric innovation is driving strong sell-through, which bodes well for 2018. Jadrosich rates lululemon a Buy.

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$16.60

0.175 (1.07%)

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WLL

Whiting Petroleum

$24.33

-1.2431 (-4.86%)

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RPD

Rapid7

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0.03 (0.16%)

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    Dec

EPAY

Bottomline Technologies

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0.08 (0.24%)

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  • 13

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SPX

S&P 500

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S&P 500

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0.63 (0.24%)

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IBM

IBM

$157.33

1.92 (1.24%)

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  • 12

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KMT

Kennametal

$47.39

1.43 (3.11%)

12:20
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  • 12

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KMX

CarMax

$67.59

-0.38 (-0.56%)

12:20
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  • 21

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KMT

Kennametal

$47.38

1.415 (3.08%)

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  • 12

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$NSD

NASDAQ Market Internals

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$NYE

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FNF

FNF Group

$40.39

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VLKAY

Volkswagen

$40.48

0.38 (0.95%)

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AKS

AK Steel

$5.37

-0.035 (-0.65%)

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CMCSA

Comcast

$38.44

0.49 (1.29%)

, DIS

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$107.25

0.42 (0.39%)

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