Morgan Stanley Maintains Overweight on Lululemon Athletica, Raises Price Target to $437
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger has maintained an Overweight rating on Lululemon Athletica (NASDAQ:LULU) and raised the price target from $424 to $437.
September 01, 2023 | 2:32 pm
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Morgan Stanley has maintained an Overweight rating on Lululemon Athletica and raised the price target, which could positively impact the stock.
The Overweight rating maintained by Morgan Stanley indicates a positive outlook for Lululemon Athletica. The increase in price target from $424 to $437 suggests that the analyst believes the stock has potential for further growth. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100