Wells Fargo Maintains Equal-Weight on Lululemon Athletica, Raises Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $445 to $450.
December 08, 2023 | 4:11 pm
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Wells Fargo analyst Ike Boruchow has reaffirmed Lululemon Athletica's Equal-Weight rating and raised the price target to $450.
The increase in price target by Wells Fargo suggests a positive outlook on Lululemon Athletica's stock value in the short term. While the Equal-Weight rating indicates a neutral stance on the stock's performance, the raised target price could lead to increased investor confidence and a potential uptick in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100