Wells Fargo Maintains Equal-Weight on Lululemon Athletica, Lowers Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained an Equal-Weight rating on Lululemon Athletica but has lowered its price target from $350 to $285.
August 23, 2024 | 2:12 pm
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Wells Fargo has maintained an Equal-Weight rating on Lululemon Athletica but has lowered its price target from $350 to $285, indicating a more cautious outlook.
The lowering of the price target from $350 to $285 by Wells Fargo suggests a more cautious outlook on Lululemon's future performance. This could lead to a negative short-term impact on LULU's stock price as investors may adjust their expectations.
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IMPORTANCE 80
RELEVANCE 100