Analysts Weigh In Bullishly on LULU, SWK, SHW Stocks

LULU has received several bull notes in recent months

by Josh Selway

Published on Dec 17, 2018 at 10:53 AM

Taking a quick look at some bullish analyst attention across Wall Street this morning, three stocks in focus are Lululemon Athletica Inc. (NASDAQ:LULU), Stanley Black & Decker, Inc. (NYSE:SWK), and Sherwin-Williams Co (NYSE:SHW). For LULU shares, Stifel became the latest brokerage firm to weigh in bullishly, upgrading its rating to "buy" from "hold" and maintaining its $151 price target. 

Looking at the charts, LULU stock was last seen up 1.4% at $120.81. The shares hit an all-time high of $164.79 back on Oct. 1, and sport a year-to-date lead of more than 51%. Meanwhile, 17 of 26 brokerage firms say to buy the security.

For SWK stock, Deutsche Bank lifted its outlook to "buy" from "hold" and moved its price target up to $143 from $136. The bull note has helped Stanley Black & Decker gain 1.5% on the day to trade at $120, overshadowing a price-target cut to $145 from $152 at Barclays. It's been a rough year for the equity, however, as it's dropped nearly 30% in 2018. Still, most covering brokerage firms share Deutsche Bank's upbeat view, with 13 of 16 handing out "buy" or "strong buy" recommendations.

SHW shares are modestly higher this morning, last seen up 0.5% to trade at $387.81, after J.P. Morgan Securities upgraded the stock to "overweight" from "neutral" and boosted its price target to $415 from $380. Longer term, the security has a year-to-date deficit of 5.6%, with the 50-day moving average acting as resistance in recent months. As for the sentiment among the broader analyst community, there's a majority of "buy" or better ratings, though there are also eight "hold" recommendations, as well.


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