Barclays Maintains Overweight on Lululemon Athletica, Raises Price Target to $430
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on Lululemon Athletica (NASDAQ:LULU) and raises the price target from $413 to $430.
June 05, 2023 | 9:17 am
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Barclays analyst Adrienne Yih maintains an Overweight rating on Lululemon Athletica and raises the price target from $413 to $430.
The news of Barclays maintaining an Overweight rating and raising the price target for Lululemon Athletica is positive for the company's stock. This indicates that the analyst believes the stock has potential for further growth and is likely to outperform the market. As a result, this news may lead to an increase in investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100