Under Armour-designed suits may be slowing down Olympic skaters, WSJ reports High-tech racing suits designed by Under Armour for the Sochi Olympics are said to have a design flaw that may be slowing down skaters, sources tell the Wall Street Journal. The sources say that vents on the back of the suit are allowing air to enter, creating a drag that keeps skaters from achieving maximum speed. 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).