Nike facing legal hurdles in China for use of hurdler's name, WSJ reports Nike (NKE) is facing legal hurdles in China for the use of Olympic hurdler Liu Xiang's Chinese name in its marketing, reports the Wall Street Journal. Reference Link
lululemon upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded lululemon (LULU) to Overweight saying its recent field work has indicated positive traffic and demand trends while management is laying the foundation for sustainable growth. The firm raised its price target for shares to $75 from $50. The retailer of athletic apparel closed yesterday up 90c to $63.76. JPMorgan notes that its $75 price target reflects a 20% discount to peers Nike (NKE) and Under Armour (UAUA).