Friday’s analyst upgrades and downgrades

News Snapshot:

Inside the Market’s roundup of some of today’s key analyst actions Lululemon Athletica Inc.’s (LULU-Q) first-quarter results and guidance raise received an enthusiastic reaction from both investors and equity analysts on the Street. After the bell on Thursday, the Vancouver-based retailer reported earnings per share of US$2.28 for the first quarter of its 2024 fiscal year, blowing past the Street’s expectation of US$1.97 as well as its own guidance of US$1.93 to US$2. Total sales jumped 24 per cent, topping the consensus estimate of a 19-per-cent gain. It also raised its annual sales and profit forecasts, pointing to strong demand...