UBS Maintains Neutral on Lululemon Athletica, Raises Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jay Sole has maintained a Neutral rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $429 to $470.
December 08, 2023 | 1:59 pm
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POSITIVE IMPACT
UBS has maintained a Neutral rating on Lululemon Athletica but raised the price target from $429 to $470, indicating a potential upside based on their analysis.
The increase in price target by UBS suggests that the analyst sees potential for Lululemon's stock price to rise, which could positively influence investor sentiment in the short term. However, the Neutral rating indicates that the analyst does not see significant catalysts for a more aggressive investment stance, thus the impact may be moderate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100