real-time news and commentary for investors
Monday, Sep 9
Lululemon on the rise after Citi takes a stand
- Shares of Lululemon (LULU) move up 2.4% after Citigroup issues a rousing initiation at Buy.
- Citi is out on a limb on the retailer, saying it expects "industry-leading" EPS growth of greater than 25%.
- The investment firm is well-ahead of the pack with many retail analysts wanting to hear who the next Lululemon CEO is before placing their bets.