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LULU

Lululemon

$158.42

1.04 (0.66%)

18:34
09/25/18
09/25
18:34
09/25/18
18:34

Lululemon initiated with a Neutral at DA Davidson

DA Davidson analyst John Morris initiated Lululemon with a Neutral rating and a price target of $155, saying the "quality of its long-term growth rate is not as robust as it has been" even though its forward earnings multiple is near historical highs. The analyst notes that the company's "future growth has higher risk variables associated with the complexity of international expansion across multiple continents and fashion cycle headwinds as the athleisure trend ebbs". Despite the risks, the analyst points to the company's "strong management team and powerful brand equity" in justifying his neutral stance.

LULU Lululemon
$158.42

1.04 (0.66%)

09/17/18
WELS
09/17/18
UPGRADE
WELS
Outperform
Lululemon upgraded to Outperform from Market Perform at Wells Fargo
09/17/18
09/17/18
UPGRADE
Target $200

Outperform
Wells Fargo upgrades Lululemon to Outperform, says momentum sustainable
As previously reported, Wells Fargo analyst Ike Boruchow upgraded Lululemon to Outperform from Market Perform, stating that while the brand's current strength is "evident to essentially everyone," his recent meetings with management lead him to believe that its "industry leading" momentum is likely sustainable through the second half of this year and well into 2019. While admitting to being "late to the party," Boruchow said he sees meaningful outperformance and upward revisions being ahead for the athletic apparel company. He raised his price target on Lululemon shares to $200 from $144.
09/17/18
09/17/18
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. Teva (TEVA) upgraded to Neutral from Sell at BTIG with analyst Timothy Chiang citing the positive impact of the FDA approval for Ajovy in the prevention of episodic and chronic migraines. 2. American Express (AXP) upgraded to Overweight from Equal Weight at Stephens with analyst Vincent Caintic saying the company is successfully monetizing its card network by increasing merchant engagement to drive higher billed business volumes. 3. Lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo with analyst Ike Boruchow saying while the brand's current strength is "evident to essentially everyone," his recent meetings with management lead him to believe that its "industry leading" momentum is likely sustainable through the second half of this year and well into 2019. 4. Broadcom (AVGO) upgraded to Buy from Neutral at Nomura Instinet with analyst Romit Shah saying "so many positive takeaways from earnings" has forced him to take a more constructive stance on the shares. 5. MasterCard (MA) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst James Schneider saying he continues to see upside to consensus estimates over the next 12 months driven by core consumer volume and exposure to Europe and other growth markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/17/18
09/17/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. LULULEMON UPGRADED TO OUTPERFORM: Wells Fargo analyst Ike Boruchow upgraded Lululemon (LULU) to Outperform from Market Perform, stating that while the brand's current strength is "evident to essentially everyone," his recent meetings with management lead him to believe that its "industry leading" momentum is likely sustainable through the second half of this year and well into 2019. While admitting to being "late to the party," Boruchow said he sees meaningful outperformance and upward revisions being ahead for the athletic apparel company. He raised his price target on Lululemon shares to $200 from $144. In late morning trading, Lululemon shares are higher by 2.3%. NOMURA UPGRADES BROADCOM TO BUY: Nomura Instinet analyst Romit Shah upgraded Broadcom (AVGO) to Buy from Neutral and raised his price target for the shares to $300 from $225. The analyst says the "so many positive takeaways from earnings" have forced him to take a more constructive stance on the shares. GOLDMAN SWAPS CONVICTION BUY ON MASTERCARD, VISA: Goldman Sachs analyst James Schneider added MasterCard (MA) to his firm's Conviction List while maintaining a Buy rating on the shares. The analyst also upped his price target for the stock to $260 from $230. Goldman Sachs analyst James Schneider removed Visa (V) from his firm's Conviction List but maintains a Buy rating on the shares with an unchanged price target of $160. The analyst, who continues to see upside to Street estimates, cites the recent share outperformance for the removal. MORGAN STANLEY INITIATES CONSUMER STAPLES: Morgan Stanley analyst Dara Mohsenian assumed Kraft Heinz (KHC) with an Underweight and $52 price target, as he believes it topline growth will likely trail food peers. In late morning trading, Kraft Heinz shares were down almost 2%. The analyst also assumed coverage of Mondelez (MDLZ), General Mills (GIS), and Kellogg (K) with Equal Weight ratings. KEYBANC SEES CANNABIS AS DRIVER FOR SHOPIFY: KeyBanc analyst Monika Garb said she is a buyer of Shopify (SHOP), as the company has "ample" growth opportunities ahead, and she sees potential upside to her above-consensus estimates. She expects that recreational sales of cannabis in Canada could be a GMV and revenue driver and further benefit Shopify's business momentum. Garb maintained an Overweight rating and $182 price target on the shares.

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