Morgan Stanley Maintains Overweight on Lululemon Athletica, Raises Price Target to $493
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger has maintained an Overweight rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $437 to $493.
December 08, 2023 | 1:23 pm
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Morgan Stanley analyst reaffirms Overweight rating on Lululemon Athletica and raises price target to $493, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a strong conviction in Lululemon Athletica's future performance. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100