Stifel Reiterates Buy on Lululemon Athletica, Lowers Price Target to $539
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jim Duffy has reiterated a Buy rating on Lululemon Athletica (NASDAQ:LULU) but has lowered the price target from $596 to $539.
March 22, 2024 | 1:44 pm
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NEUTRAL IMPACT
Stifel analyst Jim Duffy reaffirms a Buy rating on Lululemon Athletica but reduces the price target from $596 to $539.
The reiteration of a Buy rating by Stifel indicates a positive outlook on Lululemon Athletica's stock, suggesting confidence in the company's future performance. However, the reduction in the price target might reflect adjustments in market expectations or valuation models, potentially leading to short-term price volatility. The overall impact is neutral as the positive endorsement is counterbalanced by a lower price target.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100