Lululemon (LULU) (RBC) (HUB-B) (JCI) (MDSO) (MITT) Get New Coverage

Lululemon (NASDAQ: LULU), Regal Beloit (NYSE: RBC), Hubbell Inc. (NASDAQ: HUB-B), Johnson Controls, Inc. (NYSE: JCI), Medidata Solutions, Inc. (NASDAQ: MDSO) and AG Mortgage Investment Trust (NASDAQ: MITT) getting new coverage from analysts.

JMP Securities initiated coverage on Regal Beloit (RBC). They placed an “Outperform” rating and a price target of $64.00 on the company.

JMP Securities initiated coverage on Hubbell Inc. (HUB-B). They placed a “Market Perform” rating on the company.

JMP Securities initiated coverage on Johnson Controls, Inc. (JCI). They placed an “Outperform” rating and a price target of $40.00 on the company.

Cowen initiated coverage on Lululemon (LULU). They placed an “Outperform” rating on the company.

Morgan Keegan initiated coverage on Medidata Solutions, Inc. (MDSO). They placed an “Outperform” rating and a price target of $28.00 on the company.

Sterne Agee initiated coverage on AG Mortgage Investment Trust (MITT). They placed a “Neutral” rating on the company.

Jabil (JBL) (LULU) (MDSO) (MITT) (SXCI) (AEG) Ratings, Price Targets

Jabil Circuit, Inc. (NYSE: JBL), Lululemon (NASDAQ: LULU), Medidata Solutions, Inc. (NASDAQ: MDSO), AG Mortgage Investment Trust (NASDAQ: MITT), SXC Health Solutions (NASDAQ: SXCI) and Aegon (NYSE: AEG) ratings and price targets.

Lululemon (LULU) is now covered by Cowen. They have an “Outperform” rating on the firm.

Medidata Solutions, Inc. (MDSO) is now covered by Morgan Keegan. They have an “Outperform” rating and a price target of $28.00 on the firm.

AG Mortgage Investment Trust (MITT) is now covered by Sterne Agee. They have a “Neutral” rating on the firm.

Jabil Circuit, Inc. (JBL) had its “Buy” rating reiterated by Needham & Company.

SXC Health Solutions (SXCI) had its price target raised by Maxim Group from $64.00 to $71.00. They have a “Buy” rating on the firm.

Aegon (AEG) was downgraded by Zacks Investment Research from an “Outperform” rating to an “Underperform” rating.

Lululemon (LULU) (DSW) (DG) (FDO) (HNZ) (HOLX) (MDRX) (MDU) (HOLX) Get New Coverage

DSW Inc. (NYSE: DSW), Dollar General (NYSE: DG), Family Dollar Stores, Inc. (NYSE: FDO), H.J. Heinz Company (NYSE: HNZ), Hershey (NYSE: HSY), Lululemon (NASDAQ: LULU), Allscripts Healthcare Solutions (NASDAQ: MDRX), MDU Resources Group, Inc. (NYSE: MDU) and Hologic, Inc. (NASDAQ: HOLX) getting new coverage from analysts.

Guggenheim initiated coverage on Dollar General (DG). They placed a “Buy” rating and a price target of $44.00 on the company.

Auriga initiated coverage on DSW Inc. (DSW). They placed a “Buy” rating and a price target of $55.00 on the company.

Guggenheim initiated coverage on Family Dollar Stores, Inc. (FDO). They placed a “Buy” rating and a price target of $62.00 on the company.

Jefferies (NYSE:JEF) initiated coverage on H.J. Heinz Company (HNZ). They placed a “Buy” rating and a price target of $59.00 on the company.

Kaufman Brothers initiated coverage on Hologic, Inc. (HOLX). They placed a “Buy” rating and a price target of $19.00 on the company.

Jefferies initiated coverage on Hershey (HSY). They placed a “Hold” rating and a price target of $58.00 on the company.

Auriga initiated coverage on Lululemon (LULU). They placed a “Buy” rating and a price target of $68.00 on the company.

Avondale Partners initiated coverage on Allscripts Healthcare Solutions (MDRX). They placed an “Outperform” rating on the company.

Capstone initiated coverage on MDU Resources Group, Inc. (MDU). They placed a “Hold” rating on the company.

Lululemon (LULU) (FDX) (MBT) (FHN) (HNZ) (ISIL) (KR) Price Targets Changed

Lululemon (NASDAQ: LULU), FedEx (NYSE: FDX), Mobile Telesystems (NYSE: MBT), First Horizon National Co. (NYSE: FHN), H.J. Heinz Company (NYSE: HNZ), Intersil Corp. (NASDAQ: ISIL) and Kroger (NYSE: KR) had their price targets adjusted by analysts.

Lululemon (LULU) had its price target raised by RBC Capital from $1.00 to $60.00.

FedEx (FDX) had its price target lowered by HSBC (NYSE:HBC) from $100.00 to $82.00. They have a “Neutral” rating on the company.

Mobile Telesystems (MBT) had its price target lowered by HSBC from $29.00 to $21.00. They have an “Overweight” rating on the company.

First Horizon National Co. (FHN) had its price target lowered by Jefferies (NYSE:JEF) from $9.00 to $8.00.

H.J. Heinz Company (HNZ) had its price target lowered by Deutsche Bank (NYSE:DB) to $59.00.

Intersil Corp. (ISIL) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $11.00.

Kroger (KR) had its price target lowered by Jefferies to $26.00.

Dell (DELL) (G) (GWR) (INTU) (LULU) (RIMM) (SBX) Upgraded

Dell Inc. (NASDAQ: DELL), Genpact Limited (NYSE: G), Genesee & Wyoming Inc. (NYSE: GWR), Intuit Inc. (NASDAQ: INTU), Lululemon (NASDAQ: LULU), Research In Motion (NASDAQ: RIMM) and Seabright Holdings, Inc. (NYSE: SBX) upgraded by analysts.

Dell Inc. (DELL) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $17.00 on the company.

Genpact Limited (G) was upgraded by Janney Montgomery Scott from a “Neutral” rating to a “Buy” rating.

Genesee & Wyoming Inc. (GWR) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.

Intuit Inc. (INTU) was upgraded by First Analysis from an “Equal Weight” rating to an “Overweight” rating.

Lululemon (LULU) was upgraded by Barclays Capital from an “Underweight” rating to an “Equal Weight” rating.

Research In Motion (RIMM) was upgraded by Jefferies (NYSE:JEF) from an “Underperform” rating to a “Hold” rating. They have a price target of $25.00 on the company, up from $22.00.

Seabright Holdings, Inc. (SBX) was upgraded by JMP Securities from an “Underperform” rating to a “Market Perform” rating.

Lululemon's (LULU) Soaring Nike's (NKE) Boring

Based on comments from economic pundit Jim Cramer, Lululemon Athletica (NASDAQ:LULU) is running circles around competitor Nike (NYSE:NKE), and is a more compelling growth story.

On Friday Cramer mentioned that after looking at both companies following their quarterly earnings reports, Lululemon vastly outperformed analysts' expectation, while Nike underperformed.

For the latest quarter, Lululemon soared over 52 percent in revenue growth, while Nike only rose 7 percent.

Cramer noted that Nike "just isn't growing like we once thought." In comparison, Lululemon is a "high octane" secular growth story which has performed mostly through word of mouth.

Also of importance for performance was the rising margins at Lululemon, which jumped to 58.5 percent in the last quarter, while Nike's stood at 45.8 percent.

Nike was trading at $76.24, falling $0.42, or 0.55 percent, as of 12:05 PM EDT. Lululemon was at $84.21, gaining $5.57, or 7.08 percent.




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Lululemon Athletica's (NASDAQ:LULU) Sales Estimates Boosted on Comp Sales

Citing a 28 percent increase in comparable-store sales for Lululemon Athletica (NASDAQ:LULU), FBR raised their sales estimate on the company for the fourth quarter.

FBR says, "We are raising our 4Q sales estimate to $238.3 million to reflect 28% comparable-store sales on a constant dollar basis and a 7% currency benefit for the quarter. We are raising our 4Q EPS estimate to $0.57 from $0.48. Our CY10 EPS estimate was raised to $1.51 from $1.42. Our CY11 EPS estimate was also raised to $1.91 from $1.80."

FBR Capital maintains a "Market Perform" on Lululemon Athletica Inc., which closed Wednesday at $72.85, gaining $5.61, or 8.34 percent. FBR raised their price target on LuLu from $63 to $70.

Lululemon (NASDAQ:LULU) Soars Past Expectations, Surges

Shares in Lululemon Athletica Inc. (NASDAQ:LULU) exploded Thursday on a huge quarter which shattered expectations.

FBR commented on the results, saying, "lululemon athletica reported 3Q EPS of $0.36, above our estimate and consensus of $0.24. This compares to a 3Q09 EPS of $0.20. Total sales increased 56% to $175.8 million from $112.9 million last year. Net revenue from corporate-owned stores was $143.2 million for the quarter, an increase of 46% from $98.1 million last year. Comparable store sales increased 29% on a constant dollar basis versus last year’s 10%. Comparable-store sales on GAAP basis increased 32% versus last year’s 11%. Importantly, the two year trend accelerated meaningfully...Operating margin increased 560 bps y/y to 24.1%, significantly above our expectations...Total inventory was up 6.2% y/y compared to the 56% increase in sales...Robust outlook for 4Q."

FBR Capital maintains a "Market Perform" on Lululemon Athletica, which closed Thursday at $63.56, up $7.86, or 14.11 percent. Volume was close to eight times the normal 3-month daily average.