Down 49% This Year, Lululemon Could Sink Even Deeper -- Here's Why Wall Street Analysts Are Downgrading the Stock
lululemon(LULU) The Motley Fool·2024-08-04 17:03
It might not bounce back today, but this is a safer stock to bet on for an eventual turnaround.In June, the management team of Lululemon Athletica (LULU -5.24%) spoke to investors about its need for new and innovative athletic apparel products, and excitingly talked up the pending launch of its new Breezethrough leggings. In July, the Breezethrough line was abruptly pulled from shelves after customers panned them as unflattering.After Lululemon pulled Breezethrough, some Wall Street analysts responded by pu ...