Morgan Stanley Maintains Overweight on Lululemon Athletica, Raises Price Target to $424
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger maintains an Overweight rating on Lululemon Athletica (NASDAQ:LULU) and raises the price target from $405 to $424.
June 02, 2023 | 11:57 am
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Morgan Stanley maintains an Overweight rating on Lululemon Athletica and raises the price target from $405 to $424.
Morgan Stanley's decision to maintain an Overweight rating and raise the price target for Lululemon Athletica (LULU) indicates a positive outlook for the stock. This is likely to have a short-term positive impact on LULU's stock price as investors may see this as a sign of confidence in the company's performance and growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100