Citigroup Downgrades Lululemon Athletica to Neutral, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez has downgraded Lululemon Athletica from Buy to Neutral and lowered the price target from $415 to $300.
July 25, 2024 | 11:47 am
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Citigroup analyst Paul Lejuez downgraded Lululemon Athletica from Buy to Neutral and reduced the price target from $415 to $300.
The downgrade from Buy to Neutral and the significant reduction in the price target from $415 to $300 by a major analyst like Citigroup is likely to negatively impact Lululemon's stock price in the short term.
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