Lululemon Athletica Recovering From Merchandising Missteps, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Oppenheimer analyst Brian Nagel reiterated an Outperform rating on Lululemon Athletica Inc (NASDAQ:LULU) with a price target of $445. Despite recent merchandising missteps and a significant drop in share price, the analyst believes the issues are fixable and the brand's growth dynamics remain intact.
June 04, 2024 | 7:10 pm
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Oppenheimer analyst Brian Nagel reiterated an Outperform rating on Lululemon Athletica Inc (NASDAQ:LULU) with a price target of $445. Despite recent merchandising missteps and a significant drop in share price, the analyst believes the issues are fixable and the brand's growth dynamics remain intact.
The analyst's reiteration of an Outperform rating and a high price target suggests confidence in Lululemon's recovery and growth potential. The mention of fixable issues and intact growth dynamics should positively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100