BMO Capital Maintains Market Perform on Lululemon Athletica, Raises Price Target to $376
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Simeon Siegel has maintained a 'Market Perform' rating on Lululemon Athletica (NASDAQ:LULU) and raised the price target from $355 to $376.
September 01, 2023 | 12:36 pm
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POSITIVE IMPACT
Lululemon Athletica's price target has been raised by BMO Capital from $355 to $376, while maintaining a 'Market Perform' rating.
The raised price target indicates that BMO Capital sees potential for Lululemon Athletica's stock price to increase. However, the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, not outperform it. This could lead to a positive short-term impact on LULU's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100