Baird raised the firm’s price target on Lululemon (LULU) to $440 from $380 and keeps an Outperform rating on the shares. The firm said its results included better-than-feared performance in the US and on gross margin while offering reassuring commentary regarding early holiday trends and a confident tone in merchandising course corrections for Spring 2025.
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Read More on LULU:
- Lululemon price target raised to $414 from $345 at Morgan Stanley
- Lululemon price target raised to $340 from $260 at Piper Sandler
- Lululemon price target raised to $360 from $315 at UBS
- Lululemon price target raised to $380 from $270 at Citi
- Lululemon price target raised to $378 from $261 at Barclays