Citigroup Maintains Buy on Lululemon Athletica, Lowers Price Target to $415
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez maintains a Buy rating on Lululemon Athletica (NASDAQ:LULU) but lowers the price target from $500 to $415.
May 29, 2024 | 2:31 pm
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Citigroup analyst Paul Lejuez maintains a Buy rating on Lululemon Athletica but lowers the price target from $500 to $415.
The Buy rating suggests continued confidence in Lululemon's performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100