Under Armour price target raised to $80 from $65 at Jefferies Jefferies raised its price target for Under Armour shares to $80 citing the company's better than expected Q2 results and "superior growth potential." The firm reiterates a Buy rating on the stock.
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).