Truist Securities Maintains Buy on Lululemon Athletica, Lowers Price Target to $415
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Lululemon Athletica but has lowered the price target from $498 to $415.
June 03, 2024 | 1:10 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on Lululemon Athletica but has lowered the price target from $498 to $415.
The Buy rating suggests continued confidence in Lululemon's performance, but the lowered price target indicates a more cautious outlook on its short-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100