CLSA Upgrades Lululemon Athletica Inc. (LULU) to Buy from Outperform
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Ho-Hum Q3 Results, Bumpy Road Ahead Keey Sterne Agee at 'Underperform' on lululemon athletica (LULU)
December 11, 2014 3:33 PM ESTSterne Agee affirms lululemon athletica (Nasdaq: LULU) at Underperform with a price target of $39 following Q3 results.
Analyst Sam Poser commented, SSS of -3% in brick and mortar (B&M), with ~40% of the stores in the comp base less than 3 years old is nothing to cheer about. While traffic has slowly returned, declines in conversion and units/transaction highlight the increase in competition. While customers are willing to try the store,... More
