Piper Sandler raised the firm’s price target on Lululemon (LULU) to $340 from $260 and keeps a Neutral rating on the shares following Q3 results. Piper said Lululemon is showing “impressive agility” to guardrail profitability, albeit the core U.S. trend remained similar sequentially and the upped EPS range is back to where the year started. The firm added that it is encouraged by stabilization but waiting for demand inflection in the U.S.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio