As previously reported, BNP Paribas Exane upgraded Lululemon (LULU) to Neutral from Underperform with a $146 price target With the shares down about 65% since the firm downgraded shares last February, the firm says the current valuation is “pricing in a lot of bad news” but the negative catalysts from here are “less clear.” Meanwhile, the AmEx (AXP) Platinum partnership could be a positive catalyst and founder-led activism “could come into play,” the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LULU:
- Lululemon upgraded to Neutral from Underperform at BNP Paribas Exane
- Lululemon, Celestica, Deere: Trending by Analysts
- Midday Fly By: Salesforce targets $60B in revenue, TSMC reports Q3 beat
- Lululemon downgraded, T-Mobile upgraded: Wall Street’s top analyst calls
- Lululemon downgraded to Market Perform from Outperform at Bernstein