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 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 415, while TD ...