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LULU

lululemon

$78.59

-1.02 (-1.28%)

07:02
01/02/18
01/02
07:02
01/02/18
07:02

lululemon downgraded to Neutral from Buy at Citi

Citi analyst Paul Lejuez downgraded lululemon to Neutral while raising his price target for the shares to $88 from $78. The analyst believes the risk/reward is more balanced with the shares up 16% since the company reported Q3 results. Expectations are now elevated for a strong Q4 and continued momentum into fiscal 2018, creating less room for disappointment, Lejuez tells investors in a research note.

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LULU lululemon
$78.59

-1.02 (-1.28%)

12/27/17
BOFA
12/27/17
NO CHANGE
Target $89
BOFA
Buy
lululemon price target raised to $89 from $80 at BofA/Merrill
BofA/Merrill analyst Rafe Jadrosich's holiday store checks indicate lululemon experienced strong traffic with busy stores and long register lines. Jadrosich sees a favorable setup for lululemon into the January 8-9 ICR conference and potential upside to Q4 consensus estimates driven by easy comps in tops, accelerating men's growth, and bottoms innovation. As a result, the analyst raised Buy rated lululemon's 2018 earnings estimate to $3.00 from $2.92, versus consensus of $2.85, and also increased his price target to $89 from $80 to reflect better same-store sales and gross margin outlook.
12/15/17
MKMP
12/15/17
NO CHANGE
Target $89
MKMP
Buy
lululemon price target raised to $89 from $81 at MKM Partners
MKM Partners analyst Roxanne Meyer raised her price target on lululemon to $89 and kept her Buy rating, saying the company is her "Top 2018 pick" in the space. Meyer notes that lululemon's Q3 results and outlook showcased its strong brand and focus on innovation in the improving but challenging retail space. The analyst adds that her recent channel checks and positive feedback from shoppers in her latest survey add to her confidence that the company can exceed comps and earnings targets.
12/14/17
12/14/17
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. Nike (NKE) upgraded to Buy from Hold at Argus with analyst John Staszak saying the company's "strong brand and product pipeline have enabled it to raise prices and increase sales of both its apparel and footwear." 2. Tiffany (TIF) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez saying the shares look attractive as currency tailwinds and tax reform should benefit the company's earnings. 3. lululemon (LULU) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying the shares are only up 8% in the last 12 months and flat over the last five years. 4. Southwest (LUV) upgraded to Overweight from Neutral at Atlantic Equities with analyst Lindsay Bettiol saying he believes the company has a number of structural benefits when compared with legacy peers and he sees material upside to its free cash flow in coming years. 5. BioMarin (BMRN) upgraded to Outperform from Neutral at Wedbush with analyst Liana Moussatos citing recent events, namely Valoctocogene Roxaparvovec gene therapy for severe Hemophilia A being in the lead and emerging as a potential single dose cure with recent data at ASH and published in the NEJM, increasing sales projections for BMN 270 and value for BioMarin, sale of a second PRV, near-term non-GAAP breakeven, and her view that a company selling FVIII for Hemophilia A may be willing to pay a premium for a commercial license or for BioMarin as BMN 270 could be a serious threat to the multi-billion dollar worldwide FVIII franchise. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/14/17
SUSQ
12/14/17
NO CHANGE
Target $85
SUSQ
Positive
lululemon at beginning of inflection, says Susquehanna
After meetings with lululemon's senior management team, Susquehanna analyst Sam Poser said he came away confident that the company is at the beginning of an inflection that will see its annual revenue grow to $4B and beyond and raise its operating margin to a number "that begins with a 2." Poser maintains a Positive rating on lululemon shares.

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NTIP

Network-1 Technologies

$2.60

0.1 (4.00%)

, GOOG

Alphabet

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SIGM

Sigma Designs

$7.00

0.025 (0.36%)

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X

U.S. Steel

$40.06

0.75 (1.91%)

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U.S. Steel 'pleased' with Presidential tariffs on certain imports »

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UAL

United Continental

$77.97

1.1 (1.43%)

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AUO

AU Optronics

$4.69

0.03 (0.64%)

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AGII

Argo Group

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MGNX

MacroGenics

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LPL

LG Display

$15.59

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GDS

GDS Holdings

$26.75

-0.22 (-0.82%)

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NAVI

Navient

$13.44

-0.08 (-0.59%)

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FHN

First Horizon

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FHN

First Horizon

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SD

SandRidge Energy

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CQP

Cheniere Energy Partners

$31.30

0.41 (1.33%)

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