Bernstein Analyst Aneesha Sherman discusses downgrading Lululemon to Underperform. You can see the entire interview here. Key Video Takeaways 00:14 On why growth for LULU has run out 00:28 On revenge spending 00:40 On why Bernstein downgraded LULU
Bernstein Analyst Aneesha Sherman joins Yahoo Finance Live to talk about why she thinks it's time for a "reality check" on Lululemon stock.
As legendary investor Warren Buffett is known for saying, "Turnarounds seldom turn." Peloton Interactive (NASDAQ: PTON) has been dealing with this harsh reality for over a year now. While the current CEO, Barry McCarthy, is doing everything in his power to right the ship at the company, it's alarming to see just how inaccurate his initial forecasts about the business's future have proven to be.