Lululemon Athletica shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight and lowered its price target from $546 to $395.
Portfolio Pulse from Benzinga Newsdesk
Lululemon Athletica's stock trades lower following a downgrade by Barclays from Overweight to Equal-Weight and a reduction in price target from $546 to $395.

April 29, 2024 | 12:27 pm
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Lululemon Athletica's stock price is expected to face downward pressure in the short term due to the downgrade by Barclays and a significant reduction in the price target.
Analyst ratings and price target adjustments are critical factors influencing investor sentiment and stock prices. The downgrade from 'Overweight' to 'Equal-Weight' by a major financial institution like Barclays, coupled with a substantial decrease in the price target, is likely to erode investor confidence and lead to a short-term decline in Lululemon Athletica's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100