Under Armour recommended ahead of Q4 results at Credit Suisse Credit Suisse reiterated its Outperform rating on Under Armour ahead of Q4 results on Thursday. The analyst believes concerns regarding a slowdown in top-line momentum are overdone, and notes that a favorable sourcing environment and improved supply chain operations will increase operating leverage long-term. Shares are Outperform rated with a $59 price target.
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).