Evercore ISI Group Maintains Outperform on Lululemon Athletica, Lowers Price Target to $515
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti maintains an Outperform rating on Lululemon Athletica (NASDAQ:LULU) but lowers the price target from $575 to $515.
March 22, 2024 | 3:57 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Lululemon Athletica but lowers the price target from $575 to $515.
While the maintenance of an Outperform rating indicates continued confidence in Lululemon Athletica's business performance and growth prospects, the reduction in the price target could suggest a reassessment of the company's short-term valuation or potential headwinds. This mixed signal might lead to neutral short-term price movement as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100