Lululemon shares are trading lower after Citigroup downgraded the stock from a Buy to a Neutral and lowered its price target from $415 to $300.
Portfolio Pulse from Benzinga Newsdesk
Lululemon shares are trading lower after Citigroup downgraded the stock from a Buy to a Neutral and lowered its price target from $415 to $300.
July 25, 2024 | 1:31 pm
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NEGATIVE IMPACT
Citigroup downgraded Lululemon from Buy to Neutral and reduced its price target from $415 to $300, causing shares to trade lower.
The downgrade from Citigroup and the significant reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in Lululemon's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100