What's Going On With Lululemon Stock?
Portfolio Pulse from Erica Kollmann
Lululemon Athletica Inc. (NASDAQ:LULU) shares are trading higher as the stock attempts to recover from a 9% drop following multiple analyst downgrades and price target reductions. Citigroup, JPMorgan, Truist Securities, TD Cowen, and Jefferies all lowered their price targets, citing concerns such as paused sales of the Breezethrough collection and lower-than-expected revenue growth.
July 26, 2024 | 4:36 pm
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NEUTRAL IMPACT
Lululemon shares are attempting to recover from a significant drop caused by multiple analyst downgrades and price target reductions. Concerns include paused sales of the Breezethrough collection and lower-than-expected revenue growth.
The stock is attempting to recover from a significant drop caused by analyst downgrades and price target reductions. The paused sales of the Breezethrough collection and lower-than-expected revenue growth are key concerns. The short-term impact is neutral as the stock is showing some recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100