Market Wrap: Apple, Microsoft Battle for Tech Supremacy; U.S. Outlook Raised; lululemon CEO Out
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
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- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Lululemon (LULU) at Risk of Re-Rate Toward 20-25X P/E - Goldman
June 11, 2013 9:45 AM EDTGoldman Sachs today maintained a Neutral rating on Lululemon Athletica Inc. (NASDAQ: LULU) and lowered its price target of $60.00 (from $72.00). Yesterday the company reported Q1 results and announced its CEO plans to depart. Analyst Lindsay Drucker Mann noted "signs of natural aging" and called the... More
