This morning, Janney lowered its price target on shares of American Eagle Outfitters (NYSE:AEO) to $21 as the retailer discounted its clothing throughout April. In the report, the firm reduced its EPS estimates through 2014, but maintained its buy rating. Shares of American Eagle were higher on Friday, despite the report, gaining 1.3%.
Oppenheimer downgraded shares of Bed, Bath & Beyond (BBBY) from outperform to market perform citing valuation. The stock is approaching the firm's $71 price target, making it less attractive at current levels. Shares of Bed, Bath & Beyond were lower on the news, falling 1.2%.
Wedbush Morgan downgraded shares of Lululemon (NASDAQ:LULU) from outperform to neutral as a recent survey found Lululemon customers were concerned about product quality and competition from other retailers. In the report, Wedbush maintained its $75 price target. Shares of Lululemon were modestly lower today, falling 0.4%.
And Goldman Sachs downgraded shares of Landstar System (NASDAQ:LSTR) from neutral to sell as there are concerns about the company's growth. With the downgrade, Goldman set a $52 price target. Shares of Landstar System were higher with the markets today, gaining 0.3%.
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