Wedbush Maintains Outperform on Lululemon Athletica, Lowers Price Target to $492
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic maintains an Outperform rating on Lululemon Athletica (NASDAQ:LULU) but lowers the price target from $548 to $492.

March 22, 2024 | 1:05 pm
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NEUTRAL IMPACT
Wedbush maintains an Outperform rating on Lululemon Athletica but lowers the price target from $548 to $492.
While the reduction in price target could suggest a tempered outlook on Lululemon Athletica's short-term price performance, the maintenance of an Outperform rating by a reputable analyst like Tom Nikic indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100