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Here are the biggest calls on Wall Street on Friday:
Credit Suisse upgraded the arts and crafts retailer after its strong second-quarter earnings report and said it sees "upside" to estimates over the next 12-18 months.
"We view MIK as an attractive self-help story, which should continue to benefit from strong demand trends in its category in the near term while delivering significant productivity improvements over the medium- to longer-term, potentially supporting upside to estimates over the next 12-18 months. We believe today's pullback provides an opportunity."
Citi downgraded the athletic apparel retailer and said it was "priced to perfection."
"Since March, the stock has surpassed our prior TP, and as we approach earnings with the stock near $400 we have to ask ourselves if we can realistically recommend buying LULU at $400 with a call it can go to at least $460 over the next 12 months. And we just can't do it. The stock trades at ~9x F21E sales and has an EV of ~$50BN, making LULU the most highly valued specialty retail brand ever, double that of the second highest valued brand in history (Victoria's Secret, in 2015)."