Lululemon shares are trading higher after Citigroup maintained a Buy rating on the stock and raised its price target from $450 to $520.
Portfolio Pulse from Benzinga Newsdesk
Lululemon's stock (LULU) is trading higher following Citigroup's reaffirmation of a Buy rating and an increase in the price target from $450 to $520.
December 01, 2023 | 6:55 pm
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Citigroup's maintained Buy rating and raised price target for Lululemon from $450 to $520 has led to an increase in the stock's trading price.
Analyst ratings and price target adjustments are significant indicators for investors, often leading to stock price movements. Citigroup's decision to maintain a Buy rating and raise the price target for Lululemon suggests a positive outlook on the company's performance, which can instill investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100