Credit Suisse Downgrades lululemon (LULU) to Neutral Following Soft Guidance
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Price: $121.07 +4.65%
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
13 Buy, 34 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Credit Suisse downgrades lululemon athletica (Nasdaq: LULU) from Outperform to Neutral.
The downgrade follows lululemon's Q3 earnings report, which was released this morning before the market opened. While lululemon reported in-line Q3 results, it issued Q4 and FY08 guidance which was well below the Street estimates.
Shares of lululemon are currently down 23.8%, or $2.49, to $7.97.
lululemon athletica, inc. designs, manufactures, and distributes athletic apparel for women and men.
The downgrade follows lululemon's Q3 earnings report, which was released this morning before the market opened. While lululemon reported in-line Q3 results, it issued Q4 and FY08 guidance which was well below the Street estimates.
Shares of lululemon are currently down 23.8%, or $2.49, to $7.97.
lululemon athletica, inc. designs, manufactures, and distributes athletic apparel for women and men.
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