Notable Upgrades: Lululemon (LULU), FireEye (FEYE), Gibraltar Industries (ROCK), Blackstone (BX)

Analysts at Credit Suisse (CS) are out with a report this morning upgrading shares of Lululemon Athletica Inc. (LULU) with an ‘Outperform’ from ‘Neutral’ rating, citing improving demand and rebounding profit margins. The firm also raised its 12-month base case estimate on shares to $64 from $57.

On valuation measures, Lululemon shares are currently priced at 28.37x this year’s forecasted earnings, compared to the industry’s 22.59x earnings multiple. Ticker has a forward P/E of 23.34 and t-12 price-to-sales ratio of 3.89. EPS for the same period is $1.88.

In the past 52 weeks, shares of Vancouver, BC -based yoga wear retailer have traded between a low of $38.67 and a high of $70.00 and are now at $53.25.

Shares are up 32.63% year-over-year ; down 5.86% year-to-date.

In a report published Friday, DA Davidson analysts initiated coverage on FireEye, Inc. (FEYE) with a ‘Buy’ rating and $51 price target. The firm said they see a number of potential catalysts for shares over the next several months. That includes the potential for product growth re-acceleration and continued market penetration with FEYE’s endpoint solution.

Currently there are 14 analysts that rate FEYE a ‘Buy’, 18 rate it a ‘Hold’. No analyst rates it a ‘Sell’. FEYE has a median Wall Street price target of $51.50 with a high target of $65.

Shares of Milpitas, California-based cybersecurity solutions provider are down 5.26% since the beginning of the year.

Investment analysts at Sidoti initiated coverage on shares of Gibraltar Industries, Inc. (ROCK) in a note issued to investors on Friday. The firm set a ‘Buy’ rating and $25 price target on the stock.

Sidoti’s price target would suggest a potential upside of about 14% from the stock’s current price of $22.01.

Gibraltar Industries Inc., currently valued at $681.94 million, has a median Wall Street price target of $24.00 with a high target of $28.00.

Over the past year, shares of Buffalo, New York-based company have traded between a low of $13.44 and a high of $22.30 with the 50-day MA and 200-day MA located at $17.47 and $18.26 levels, respectively. Additionally, shares of ROCK have a Relative Strength Index (RSI) and MACD indicator of 81.01 and +1.19, respectively.

Gibraltar Industries Inc. currently prints a year-to-date return of 20.30%.

The Blackstone Group L.P. (BX) was raised to ‘Outperform’ from ‘Perform’  with $38 price target at Oppenheimer on Friday. Firm believes, in absolute terms, BX is very compelling at this valuation since the cash earnings outlook remains very strong.

BX is up $0.55 at $34.60 on normal volume. Midway through trading Friday, 2.87 million shares of Blackstone Group have exchanged hands as compared to its average daily volume of 5.26 million shares. The stock has ranged in a price between $34.21 to $34.73 after having opened the day at $34.64 (previous trading day’s close: $34.05).

In the past 52 weeks, shares of New York-based investment manager have traded between a low of $28.56 and a high of $44.43.

BX is up 26.31% year-over-year and 6.95% year-to-date.

Be the first to comment

Leave a Reply

Your email address will not be published.


*