Citigroup Maintains Buy on Lululemon Athletica, Lowers Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez has maintained a Buy rating on Lululemon Athletica (NASDAQ:LULU) but has lowered the price target from $520 to $500.
March 22, 2024 | 12:47 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Lululemon Athletica but lowers the price target from $520 to $500.
While the reduction in the price target from $520 to $500 by Citigroup could suggest a slight adjustment in the expected stock performance, the maintenance of a Buy rating indicates a continued positive outlook on Lululemon Athletica's stock. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the reaffirmed confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100