Goldman Sachs Downgrades Lululemon Athletica to Neutral, Lowers Price Target to $286
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Lululemon Athletica from Buy to Neutral and lowered its price target from $463 to $286.
August 02, 2024 | 9:22 am
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NEGATIVE IMPACT
Goldman Sachs analyst Brooke Roach has downgraded Lululemon Athletica from Buy to Neutral and significantly lowered the price target from $463 to $286.
The downgrade from Buy to Neutral and the significant reduction in the price target from $463 to $286 by a major financial institution like Goldman Sachs is likely to negatively impact Lululemon's stock price in the short term. Investors may perceive this as a signal of potential challenges or overvaluation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100