Market Wrap: Apple, Microsoft Battle for Tech Supremacy; U.S. Outlook Raised; lululemon CEO Out

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Go back to Market Wrap: Apple, Microsoft Battle for Tech Supremacy; U.S. Outlook Raised; lululemon CEO Out

Lululemon (LULU) at Risk of Re-Rate Toward 20-25X P/E - Goldman

June 11, 2013 9:45 AM EDT

Goldman Sachs today maintained a Neutral rating on Lululemon Athletica Inc. (NASDAQ: LULU) and lowered its price target of $60.00 (from $72.00). Yesterday the company reported Q1 results and announced its CEO plans to depart. Analyst Lindsay Drucker Mann noted "signs of natural aging" and called the... More