The Zhitong Finance App learned that BMO Capital Markets believes that Lululemon (LULU.US)'s loss-making transformation will not be a quick fix or an easy task. The sportswear company is ceding market share to competitors, and the decline in sales continues to deepen. BMO launched rating coverage for the stock this week, giving it a “underperforming market” rating.

The Zhitong Finance App learned that BMO Capital Markets believes that Lululemon (LULU.US)'s loss-making transformation will not be a quick fix or an easy task. The sportswear company is ceding market share to competitors, and the decline in sales continues to deepen. BMO launched rating coverage for the stock this week, giving it a “underperforming market” rating.