Citigroup Maintains Neutral on Lululemon Athletica, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez maintains a Neutral rating on Lululemon Athletica but lowers the price target from $300 to $270.
August 22, 2024 | 4:11 pm
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Citigroup analyst Paul Lejuez maintains a Neutral rating on Lululemon Athletica but lowers the price target from $300 to $270, indicating a cautious outlook.
The lowering of the price target from $300 to $270 by Citigroup suggests a less optimistic view on Lululemon's future performance, which could lead to a short-term negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100