TipRanksStock Market NewsLULU NewsMorgan Stanley Thinks Lululemon Athletica’s Stock is Going to Recover

Morgan Stanley Thinks Lululemon Athletica’s Stock is Going to Recover

Morgan Stanley analyst Kimberly Greenberger maintained a Buy rating on Lululemon Athletica (LULUResearch Report) today and set a price target of $315.00. The company’s shares closed last Wednesday at $285.72, close to its 52-week low of $251.51.

According to TipRanks.com, Greenberger is a 3-star analyst with an average return of 1.0% and a 52.5% success rate. Greenberger covers the Consumer Goods sector, focusing on stocks such as Burlington Stores, Bath & Body Works, and Abercrombie Fitch.

Currently, the analyst consensus on Lululemon Athletica is a Moderate Buy with an average price target of $407.54, representing a 43.9% upside. In a report issued on June 2, Guggenheim also maintained a Buy rating on the stock with a $475.00 price target.

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The company has a one-year high of $485.83 and a one-year low of $251.51. Currently, Lululemon Athletica has an average volume of 1.72M.

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Founded in 1998 and headquartered in Vancouver, Canada, Lululemon Athletica, Inc. is an athletic apparel retailer. The company designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. The company operates through two business segments: Company-Operated Stores, which comprises of lululemon and ivivva brands; and Direct to Consumer, which is its e-commerce business.

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