Quiksilver, Avon, Target raised; Lululemon cut
NEW YORK (MarketWatch) — Quiksilver Inc. jumped 8.3% on Friday after it was raised to buy from neutral by Goldman Sachs. Avon Products Inc. , direct seller of beauty products, rose 3% after Bank of America-Merrill Lynch upgraded the stock to buy from neutral. Car retailer AutoNation Inc. climbed 1.6% after the car retailer said its retail new vehicle unit sales rose 15% in December. Credit Suisse raised its ratings on Urban Outfitters Inc. and Under Armour Inc. both to outperform from neutral, sending their shares up 0.8% and 1.9%, respectively. Target Corp. edged up 0.4% after Janney Capital Markets raised its rating on the stock to buy from neutral. Among the decliners, Lululemon Athletica Inc. fell 5.3% after Credit Suisse cut its rating on the stock to neutral from outperform. Finish Line Inc. dropped 3.5% after the athletic-shoe retailer’s fiscal third-quarter result and fourth-quarter outlook both missed expectations. Walgreen Co. dipped 0.7% after the drugstore chain’s December same-store sales fell more than expected.
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