HSBC Upgrades Lululemon Athletica to Buy, Announces $425 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Erwan Rambourg has upgraded Lululemon Athletica (NASDAQ:LULU) from Hold to Buy and set a price target of $425.
June 06, 2024 | 11:27 am
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HSBC analyst Erwan Rambourg has upgraded Lululemon Athletica from Hold to Buy and set a price target of $425.
The upgrade from Hold to Buy and the new price target of $425 by HSBC is likely to positively impact Lululemon's stock price in the short term as it reflects increased confidence in the company's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100