by William White | January 7, 2014 12:58 pm
Lululemon Athletica (LULU) and Yum! Brands (YUM) stock are seeing an increase after being upgraded.
LULU stock has been upgraded from a “Neutral” rating to a “Buy” rating by DA Davidson. The company’s stock has been set with a target price of $73, reports Minyanville.
The upgrade could mean a better year for LULU stock, which suffered in 2013 during issues with the company’s yoga pants.
YUM stock is also moving up after an upgrade. RBC Capital has bumped the stock up from an “Outperform” rating and now considers it a “Top Pick”. It has given the YUM stock an $87 target price, Divedend.com notes.
Both LULU and YUM shares were up 1% as of midday Tuesday.
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