What's Going On With Lululemon Stock?
Portfolio Pulse from Adam Eckert
Lululemon Athletica Inc (NASDAQ:LULU) shares are trading slightly higher following positive analyst coverage from Telsey Advisory Group. The company has seen several analysts adjust their price targets after announcing an updated operational structure following the resignation of its chief product officer. Lululemon is scheduled to report its first-quarter financial results on June 5.
May 30, 2024 | 1:16 pm
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Lululemon shares are trading slightly higher after positive analyst coverage from Telsey Advisory Group. The company has seen several analysts adjust their price targets following the resignation of its chief product officer and subsequent operational changes. Lululemon is set to report its Q1 financial results on June 5.
The positive analyst coverage and the operational changes aimed at accelerating product innovation are likely to have a short-term positive impact on Lululemon's stock price. The upcoming Q1 earnings report could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100