CLSA Downgrades Lululemon Athletica To Underperform

Analysts at CLSA downgraded Lululemon Athletica inc. LULU from Outperform to Underperform. Lululemon Athletica shares have surged 35.93 percent over the past 52 weeks, while the S&P 500 index has gained 11.18 percent in the same period. Lululemon Athletica shares fell 0.67 percent to $66.25 in pre-market trading.