Wall Street delivered a split verdict Friday. Two analysts cut lululemon athletica in the same session. UBS analyst Jay Sole slashed his target to $124 from $153. Telsey Advisory Group followed, cutting to $122 from $175. Both moved to Hold. The stock carries $13.7bn in market cap. Short interest sits at 6.2% of free float — modest but edging higher.
The more dramatic call came in networking. UBS analyst David Vogt upgraded Ciena Corporation to Buy. He raised his price target to $508 from $285 — an 78% jump. Ciena's market cap has ballooned to $75.8bn. Short interest is just 3.1% of free float.
UBS analyst Joshua Spector also moved on chemicals. He cut LyondellBasell Industries to Hold with a $73 target, down from $82. He applied the same rating to Dow Inc., trimming the target to $37 from $39.
On a brighter note, Spector upgraded Corning to Buy, lifting his target to $228 from $223.
Walmart saw its consensus target edge up to $137.95. also attracted a small consensus target increase to $431.
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