Barclays Maintains Overweight on Lululemon Athletica, Lowers Price Target to $546
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on Lululemon Athletica (NASDAQ:LULU) but lowers the price target from $610 to $546.
March 25, 2024 | 11:59 am
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Barclays maintains an Overweight rating on Lululemon Athletica but lowers the price target from $610 to $546.
While the Overweight rating indicates a positive outlook on Lululemon Athletica's stock, the reduction in the price target could signal a tempered expectation for the stock's short-term performance. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100