Keybanc Maintains Overweight on Lululemon Athletica, Lowers Price Target to $515
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Ashley Owens maintains an Overweight rating on Lululemon Athletica (LULU) but lowers the price target from $570 to $515.

March 22, 2024 | 5:42 pm
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Keybanc maintains an Overweight rating on Lululemon Athletica but lowers the price target from $570 to $515.
While the reduction in the price target from $570 to $515 could suggest a tempered outlook on Lululemon Athletica's short-term price performance, the maintenance of an Overweight rating by Keybanc 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 80
RELEVANCE 100