Analysts turned focus to consumer stocks with revisions to Lululemon, Costco and Kroger in Friday’s Analysts’ Actions. Lululemon was downgraded to SELL with a $52 price target at Goldman Sachs. The firm said the revision was a valuation call given a 62% surge in share price over the past six months. Costco had its price target increased to $140 from $135 at Jefferies. Analysts said the retailer had shown recent strong traffic and sales growth. Supermarket chain Kroger is now seen as reaching $82 a share at JPMorgan. The firm increased estimates on improved full-year guidance thanks to higher margins on lower fuel costs.
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