Morgan Stanley raised the firm’s price target on Lululemon (LULU) to $420 from $414 and keeps an Overweight rating on the shares after the company raised Q4 sales, gross margin, inventory and EPS guidance above both sell-side and buy-side expectations at the ICR conference. The firm, which thinks Lululemon “ultimately exceeds even this raised 4Q bar,” remains Overweight on the stock citing the company’s “improving rate-of-change story potential” in 2025.
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 $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
- Lululemon (LULU) Impresses Investors with Stronger-than-Expected Holiday Sales
Questions or Comments about the article? Write to editor@tipranks.com