Nike's FuelBand on sale at steep discounts, WSJ reports Older versions of Nike's FuelBand are showing up for sale at steep discounts, the Wall Street Journal notes. Nike recently confirmed that it would lay off employees in the department that makes the fitness tracking devices. 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).