Some of the country's best known clothing stores get downgraded just before the holiday shopping season gets into full swing in Friday's Analysts' Actions. Lululemon Athletica (LULU) is downgraded to UNDERPERFORM at Sterne Agee with a target price of $39, nearly 20% below where Lululemon is trading now. While the quality of Lululemon's products are improving, the analyst thinks the brand has been damaged for good and the new management has been 'uninspiring' thus far. The analyst doubts Lululemon can reach mid single-digit same store sales growth because it probably won't attract new customers. Credit Suisse downgraded Abercrombie & Fitch (ANF) from OUTPERFORM to NEUTRAL. The target price is almost cut in half from $53 to $28. The analyst there believes Abercrombie & Fitch's transformation initiatives are simply not enough to offset the pressure in the teen apparel area. Its competitors like Zara, H&M and Forever 21 are undercutting its potential. The TJX Companies (TJX) is downgraded at Canaccord from HOLD to SELL with a $58 target price. The analyst says the revision is technical. TJX is now above its five-year average historical multiple despite the expectation of growth deceleration. TJX will have a hard time competing in the intense promotional climate and there is notable downside.