Under Armour founder says suit is not to blame, USA Today says Under Armour CEO Kevin Plank admitted that the much-maligned suit adorned by the U.S. speedskating team should never have been to blame for the team's lack of Olympic medals, according to the USA Today, citing comments from Plank. Plank said, "It was a bit of a witch hunt that began to build. The suit became the witch." 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).