Reported 1 day ago
Wells Fargo has reduced its price target for Lululemon Athletica Inc. (LULU) from $270 to $225, citing concerns over US comparable sales visibility, the growth trajectory in China, and margin pressures for H2 2025. Despite a 7% year-over-year revenue increase in Q1 2025, with total net revenues reaching $2.4 billion, regional performance was mixed. The firm maintains an Equal Weight rating on the stock, amidst ongoing worries about future growth.
Source: YAHOO