Goldman Sachs Downgrades Lulus Fashion Lounge to Neutral, Lowers Price Target to $2.4
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Brooke Roach has downgraded Lulus Fashion Lounge (NASDAQ:LVLU) from Buy to Neutral and lowered the price target from $3.75 to $2.4.
July 26, 2023 | 8:39 am
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Goldman Sachs has downgraded Lulus Fashion Lounge (LVLU) from Buy to Neutral and lowered the price target from $3.75 to $2.4.
The downgrade from Goldman Sachs, a major financial institution, could negatively impact investor sentiment towards LVLU. The lowered price target suggests that Goldman Sachs sees less upside potential in the stock, which could lead to selling pressure.
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