Wedbush Maintains Outperform on Lululemon Athletica, Lowers Price Target to $324
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic maintains an Outperform rating on Lululemon Athletica but lowers the price target from $400 to $324.
August 28, 2024 | 1:50 pm
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Wedbush analyst Tom Nikic maintains an Outperform rating on Lululemon Athletica but lowers the price target from $400 to $324, indicating a more cautious outlook.
The Outperform rating suggests continued confidence in Lululemon's performance, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company-specific factors. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100