- Sterne Agee takes a harsh view of Lululemon (LULU), downgrading the retailer to Underperform from Neutral and slashing its price target to $56.
- The investment firm says channel checks indicate a risk that core LULU customers have been alienated and thinks same-store sales could decelerate in 2014.
- LULU -2.7% premarket.
Sterne Agee thinks Lululemon is ripping apart at the seams
Nov 14 2013, 07:50 ET