Reported 1 day ago
BofA Securities has reduced its price target for Lululemon (NASDAQ: LULU) from $400 to $370 while still holding a Buy rating. This adjustment follows the company's fiscal 2025 guidance, indicating stable sales forecasts but a 2.5% cut in earnings outlook, projecting EPS between $14.58 and $14.78. The changes reflect pressures from tariffs expected to impact margins. Despite the challenges, BofA remains optimistic about Lululemon's long-term growth, noting promising sales plans and product launches.
Source: YAHOO