Bernstein analyst Aneesha Sherman raised the firm’s price target on Lululemon (LULU) to $360 from $325 and keeps a Market Perform rating on the shares. Lululemon’s Q3 print was a small beat with a big stock reaction, the combination of a squeeze and growing optimism on FY25 and beyond, the analyst tells investors in a research note. The firm sees an inflection on the Americas business in Q1, while China continues full speed ahead.
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