Piper Sandler analyst Anna Andreeva lowered the firm’s price target on Lululemon (LULU) to $315 from $340 and keeps a Neutral rating on the shares. The firm notes the company had a solid Holiday, albeit quarter-to-date the brand is seeing traffic volatility, similar to what it has heard from many in the industry, and disappointing given seasonal newness now at the right levels and positive response seen at select product.
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