Piper Sandler Maintains Overweight on Lululemon Athletica, Lowers Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Abbie Zvejnieks maintains an Overweight rating on Lululemon Athletica (LULU) but lowers the price target from $525 to $470.

April 09, 2024 | 2:24 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Lululemon Athletica but lowers the price target from $525 to $470.
While the reduction in price target from $525 to $470 by Piper Sandler could suggest a tempered outlook for Lululemon Athletica's stock, the maintenance of an Overweight rating indicates continued confidence in the company's performance. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as market participants digest the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100