Lululemon Canada white
CANANDA
Sina Finance YORK, April 4 night RBC Thursday Lululemon Athletica (LULU) rating from "outperform plate" tune down to "Sync plate", equivalent to a neutral rating, Lululemon closed Wednesday after disclosure of its chief product officerSheree Waterson outgoing.
Her resignation and the recent transparent pants product recall, Lululemon was forced to cut its sales and earnings expectations.
RBC analyst Howard Tubin said Waterson since the warmer Lululemon in 2008, has been a creative asset, to make a significant contribution in the past five years in terms of product design, is a strong and creative leaders.
The prospect of her departure will Lululemon more uncertainty.
Lululemon fell by 14% this year, the stock rose 2.5%.