Analysts Upgrade Tesla and Lam Research, Downgrade lululemon and Deckers
Photo: TokenPost
Analysts raised ratings on Tesla (TSLA) and Lam Research (LRCX), while lowering ratings on lululemon (LULU) and Deckers Outdoor (DECK). FSD's broader use and Tesla's prospects in energy storage and autonomous driving factored into its higher rating. Lam Research's rating shifted from Sell to Hold after a 29% share-price decline, with a refreshed valuation analysis indicating less overvaluation risk and prompting a fair-value reassessment. lululemon's downgrade followed two guidance reductions. Revenue and earnings per share fell, and sales declined more steeply than the sector's. Deckers Outdoor also received a downgrade. Enna Lee reports on investing and digital-asset markets for TokenPost.
Source: TokenPost
