Analyst: Lululemon Stock Faces a "Category Slowdown"
lululemon(LULU) Schaeffers Investment Research·2024-07-25 21:19
Athletic apparel retailer Lululemon Athletica Inc (NASDAQ:LULU) is down 3.1% before the bell, following a barrage of bear notes. Most notably, JPMorgan Securities cut its rating on LULU to "neutral," removed it from its analyst focus list, and slashed its price target to $338 from $457. In its bear note, the analyst cited a "category slowdown" and vulnerability to competition. Elsewhere, Citigroup also downgraded the equity to "neutral" from "buy" and lowered its price objective to $300 from $415, while TD ...