Lululemon improvement seen

Investor's Business Daily

An analyst for Canaccord Genuity believes that the yoga clothier's stock will pick up again after Lululemon Athletica (LULU)fixes its supply chain problems. The analyst contrasted Lululemon to Under Armour (UA), another athletic clothing company that is dealing with a good brand and rising demand, but also has management turnover and supply-chain issues as well as increased competition. The analyst kept her buy rating on the stock and believes the company will name a new CEO by the end of the year. Lulu shares rose 6% to 74.46.

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