Morgan Stanley Maintains Overweight on Lululemon Athletica, Lowers Price Target to $404
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger maintains an Overweight rating on Lululemon Athletica (NASDAQ:LULU) but lowers the price target from $490 to $404.
May 29, 2024 | 11:15 am
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Morgan Stanley analyst Alexandra Steiger maintains an Overweight rating on Lululemon Athletica but lowers the price target from $490 to $404.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns about future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100