Morgan Stanley Maintains Overweight on Lululemon Athletica, Lowers Price Target to $490
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger maintains an Overweight rating on Lululemon Athletica (NASDAQ:LULU) but lowers the price target from $539 to $490.

March 22, 2024 | 4:32 pm
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Morgan Stanley maintains an Overweight rating on Lululemon Athletica but lowers the price target from $539 to $490.
While the Overweight rating indicates Morgan Stanley's positive outlook on Lululemon Athletica, the reduction in the price target could signal a tempered expectation for the stock's short-term performance. This adjustment might reflect new data or market conditions affecting the company's valuation. Investors might see this as a mixed signal, maintaining confidence in the company's fundamentals while adjusting expectations for stock price growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100