UPDATE: Wedbush Downgrades Lululemon Athletica to Neutral Following Customer Survey

In a report published Friday, Wedbush analyst Betty Chen downgraded the rating on Lululemon Athletica (NASDAQ: LULU ) from Outperform to Neutral, but reiterated the $75.00 price target. In the report, Chen noted, “Following our national survey of 300 LULU customers, we are downgrading shares to NEUTRAL from OUTPERFORM as