Stifel analyst Jim Duffy lowered the firm’s price target on Lululemon (LULU) to $424 from $438 and keeps a Buy rating on the shares. Lower than anticipated FY25 guidance embeds a cautious consumer in the U.S. impacting traffic industry wide, notes the analyst, who appreciates the “relative conservatism in guidance,” but also highlights the company’s track record for outperformance and tangible near-term drivers.
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