A customer pays for his purchases inside a Lowe’s store in Cary, North Carolina.
Jim R. Bounds | Bloomberg | Getty Images
Here are the biggest calls on Wall Street on Wednesday:
Raymond James initiated Lululemon & Nike as ‘outperform’ & Footlocker as ‘underperform’
Raymond James said in its initiation of several retailers that overall the athletic industry was well positioned for “impressive” growth.
“We believe the Athletic industry is positioned well for a continuation of impressive growth in the high-single-digit range for at least the next decade given a long-term mega trend towards comfort and health/wellness that has redefined the way consumers dress dating back to at least the 1980s….