HSBC Initiates Coverage On Lululemon Athletica with Buy Rating, Announces Price Target of $500
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Erwan Rambourg has initiated coverage on Lululemon Athletica (NASDAQ:LULU) with a Buy rating and a price target of $500.
September 18, 2023 | 8:52 am
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HSBC has initiated coverage on Lululemon Athletica with a Buy rating and a price target of $500, which could potentially boost investor confidence in the stock.
The initiation of coverage by HSBC with a Buy rating indicates a positive outlook for Lululemon Athletica. The price target of $500, if achieved, represents a significant upside potential. This could attract more investors to the stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100