This morning, Topeka Capital downgraded shares of Pioneer Natural Resources (NYSE:PXD) from buy to hold citing valuation. In the report, Topeka noted shares were approaching the firm's $195 price target, reducing the risk/reward profile. Shares of Pioneer were lower by 0.3% on Monday.
And UBS reduced its price target on shares of Lululemon (NASDAQ:LULU) to $69 as executive-level management changes could create weakness over the next few quarters. In the report, UBS also lowered its EPS estimates. Shares of Lululemon were higher with the market today, gaining 2.1% despite the report.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.