JP Morgan Maintains Overweight on Lululemon Athletica, Raises Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has maintained an Overweight rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $489 to $500.
December 08, 2023 | 1:58 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
JP Morgan analyst reaffirms Overweight rating on Lululemon Athletica and raises the price target to $500, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Matthew Boss from JP Morgan is a strong positive signal for investors, suggesting a belief in the company's potential for higher market valuation. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100