Nike looks risky at current valuation, Barron's reports Despite trading down after reporting earnings after Thursday's close, Nike's stock is still pricey given its valuation and the warning it gave that the strong dollar will be a headwind for earnings growth through 2015, Barron's "Barron's Take" column contended, although it added that the company has strong fundamentals and a valuable brand. 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).