Truist Securities Maintains Buy on Lululemon Athletica, Lowers Price Target to $498
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joseph Civello has maintained a Buy rating on Lululemon Athletica (NASDAQ:LULU) but has lowered the price target from $561 to $498.
March 22, 2024 | 1:11 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Lululemon Athletica but lowers the price target from $561 to $498.
While the maintenance of a Buy rating suggests continued confidence in Lululemon Athletica's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100