Barclays analyst Adrienne Yih raised the firm’s price target on Lululemon (LULU) to $411 from $378 and keeps an Equal Weight rating on the shares. The firm says preliminary Q4 results for the specialty retailers are strong, as holiday demand topped expectations. The consumer remains resilient and is responding to promotions, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LULU:
- Lululemon price target raised to $420 from $414 at Morgan Stanley
- Lululemon price target raised to $430 from $400 at Raymond James
- Lululemon price target raised to $445 from $430 at Telsey Advisory
- Lululemon Projects Strong Q4 Fiscal 2024 Revenue Growth
- Lululemon price target raised to $480 from $420 at BofA
Questions or Comments about the article? Write to editor@tipranks.com