Lululemon Hit With Downgrade, Estimates Upped on Costco and Kroger

Analysts turned focus to consumer stocks with revisions to Lululemon, Costco and Kroger in Friday's Analysts' Actions. Lululemon was downgraded to SELL with a $52 price target at Goldman Sachs. The firm said the revision was a valuation call given a 62% surge in share price over the past six months. Costco had its price target increased to $140 from $135 at Jefferies. Analysts said the retailer had shown recent strong traffic and sales growth. Supermarket chain Kroger is now seen as reaching $82 a share at JPMorgan. The firm increased estimates on improved full-year guidance thanks to higher margins on lower fuel costs.