Piper Sandler Maintains Overweight on Lululemon Athletica, Lowers Price Target to $525
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Abbie Zvejnieks maintains an Overweight rating on Lululemon Athletica (LULU) but lowers the price target from $560 to $525.
March 22, 2024 | 1:59 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Lululemon Athletica but lowers the price target from $560 to $525.
While the reduction in price target from $560 to $525 could suggest a tempered outlook on Lululemon Athletica's short-term price potential, the maintenance of an Overweight rating by Piper Sandler indicates a continued positive long-term view on the stock. This mixed signal might lead to a neutral short-term impact on LULU's stock price as investors weigh the lowered price target against the analyst's overall bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100