Lululemon Athletica (NASDAQ:LULU): Goldman sees the company’s weakness post-quarterly results as justified given execution risk of new management, slowing comp trends, and supply chain investments that could pressure margins. It puts a Neutral rating on the shares, and lowered its price target from $72 to $60.
Synergy Resources (NYSEMKT:SYRG): shares should be bought at current levels, says KeyBanc. KeyBanc is upbeat about Synergy’s decision to raise equity to fund its FY14 capex, as the firm expects the move to be roughly neutral to the company’s EPS while lowering its EV/EBITDAX multiple. The firm reiterates an $8.50 price target on the shares.
Estee Lauder (NYSE:EL): Wells Fargo believes that shares should be bought before the FY2014 guidance is released, as the firm expects the company to report accelerating Q4 sales and provide solid FY14 guidance. The firm is excited by what it sees as the company’s strong FY14 innovation pipeline, and it keeps an Outperform rating on the shares.
Qualcomm (NASDAQ:QCOM): Morgan Stanley says that the slower than expected Samsung Galaxy S4 ramp is being offset by its mid-range smartphone performance — where Qualcomm has more share — and believes that Qualcomm’s quarter is on track and that shares can move higher over the summer as fears abate. It rates the shares at Overweight.
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