Retail Stock Analysis: Higher Lululemon Price Target, Gap and SanDisk Top Picks, Green Mountain a Buy
The U.S. financial markets continue to hold nice support today following the buying at the opening bell. The DJIA and the S&P are both trading up almost 1% in action today. Here are a few new analyst insights to digest from the brokerage community:
Lululemon (NASDAQ:LULU): RBC raises Lululemon target from $60 to $70. The raise follows a Lululemon pre-announcement that fourth quarter earnings-per-share will be higher than expected. The firm maintains an Outperform.
SanDisk (NASDAQ:SNDK): RBC Capital thinks SanDisk will report fourth quarter results as stronger than expected. The firm expects the company to stick with previous guidance, but expects the company to make gains in the increased demand for NAND (flash memory). The firm maintains a Top Pick.
Green Mountain Coffee Roasters (NASDAQ:GMCR): SunTrust thinks you should buy Green Mountain. Citing December NPD, the firm noted a 50 percent increase in December year-over-year sales for the company’s Keurig Brewer. The firm sees an increase in trends from November and thinks the first quarter 30 percent growth estimate still looks good. Shares are rated Buy.
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