BMO Drops StakeTake On Lululemon Stock

This article first appeared on GuruFocus. Lululemon Athletica (NASDAQ:LULU) faces another sharp warning from Wall Street as BMO Capital Markets initiated coverage with an Underperform rating and a $70 price target, implying roughly 28% downside from Thursday's close. Analyst Kelly Crago argues the athletic-wear retailer is losing relevance with consumers just as competition intensifies and management attempts a difficult turnaround. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is LULU fairly valued? Test your thesis with our free DCF calculator.LULU GF Value chart Lululemon is a premium athletic-apparel retailer best known for leggings, yoga wear and other performance clothing.