A wave of analyst downgrades are coming in on Lululemon (LULU) after the resignation of CEO...

|About: Lululemon Athletica Inc. (LULU)|By:, SA News Editor

A wave of analyst downgrades are coming in on Lululemon (LULU) after the resignation of CEO Christine Day clouded visibility on the retailer and Q1 results (I, II) disappointed. So far, both UBS and Sterne Agee moved to a Neutral stance while BMO expressed concern over the ongoing search for a senior supply chain exec. LULU -13.4% premarket to $71.25.