Raymond James Maintains Outperform on Lululemon Athletica, Lowers Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rick Patel maintains an Outperform rating on Lululemon Athletica but lowers the price target from $400 to $350.
August 27, 2024 | 12:33 pm
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Raymond James analyst Rick Patel continues to rate Lululemon Athletica as Outperform, indicating confidence in the company's performance, but has adjusted the price target down from $400 to $350, suggesting a more conservative outlook.
The Outperform rating suggests continued confidence in Lululemon's performance, which is positive. However, the lowered price target indicates a more cautious approach, possibly due to market conditions or company-specific factors. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100