Today’s Yoga Clothing Stock Tip via Financial Post:
“We do not dispute that Lululemon is one of the best growth stories in our coverage universe,” analyst Edward Yruma wrote in a note to clients, changing the recommendation on the stock to underweight from hold. “However we remain concerned that its high-end consumer base ($99 yoga pants) could hit the pause button.”
Actual headline: Lululemon gets a downgrade, analyst cites pricey yoga pants
Crap, will we have to live in a world where people stop buying $99 stretchy pants, and brokers stop buying stock in yoga consumerism? Only until Anusara, Inc. goes public.