Chipotle free drink promotion; T-Mobile upgrade; Credit Suisse bullish on Lululemon
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Chipotle (CMG) — The company announced that it will give a free soda drink or iced tea to all high school and college students with the purchase of an entrée during the month of September.
T-Mobile (TMUS) — Wells Fargo upgraded the wireless carrier to outperform from market perform as it expected free cash flow to “significantly ramp up” next year.
Lululemon Athletics (LULU) — Credit Suisse (CS) maintains its bullish view on the retailer. The investment firm backed its outperform rating on the stock with a $76 price target on expectation of strong pricing and normalized inventory.
FitBit (FIT) — The company has released sequels to its Charge and Flex. The two devices, the Charge 2 and Flex 2, will sell for $149.95 and $99.95 respectively.
Southwest (LUV) — The airline has called the mid-air blow up of an engine an isolated incident. A flight had to execute an emergency landing after some cabin pressure was lost.
Mylan (MYL) — The company has announced that it will launch its first generic EpiPen at a discount of more than 50% from the list price of its branded products. The announcement comes just days after Mylan came under fire for hiking the price of its branded drug by more than 500% in eight years.