Market Overview

Sterne Agee Reiterates Neutral Rating on Lululemon Athletica, Awaiting New CEO Announcement

Share:
Related LULU
D.A. Davidson Raises Target On Lululemon Following 'Solid' Q3 Report; Maintains Neutral
Jim Cramer Gives His Opinion On VF Corp, Under Armour And TJX Companies
Case Study Of A 'Lemon' Investment (Seeking Alpha)

In a report published Wednesday, Sterne Agee analyst Sam Poser reiterated a Neutral rating on Lululemon Athletica (NASDAQ: LULU).

In the report, Sterne Agee noted, “The stock will likely be range-bound until there is more certainty with regards to CEO replacement. It will be much tougher to find an inspired leader that will advance the culture rather than have the skills necessary to make great product. SSS, while still impressive, will not revert to historic levels. Lowering FY13/14 EPS estimates from $2.01/$2.78 to $1.95/$2.56.”

Lululemon Athletica closed on Tuesday at $69.92.

Latest Ratings for LULU

DateFirmActionFromTo
Dec 2016Bank of AmericaUpgradesUnderperformNeutral
Dec 2016Evercore ISI GroupUpgradesSellBuy
Dec 2016MizuhoUpgradesNeutralBuy

View More Analyst Ratings for LULU
View the Latest Analyst Ratings

Posted-In: Sam Poser Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (LULU)

View Comments and Join the Discussion!