Jefferies Maintains Underperform on Lululemon Athletica, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Randal Konik maintains an Underperform rating on Lululemon Athletica (NASDAQ:LULU) and lowers the price target from $300 to $240.
April 04, 2024 | 4:37 pm
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NEGATIVE IMPACT
Jefferies maintains an Underperform rating on Lululemon Athletica and lowers the price target from $300 to $240.
The reduction in price target by Jefferies, coupled with the maintenance of an Underperform rating, suggests a negative outlook for Lululemon Athletica's stock in the short term. This could lead to a decrease in investor confidence and potentially lower stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100