Citi opened a "30-day positive Catalyst Watch" on shares of Lululemon into the company’s Q4 results. While investors are bracing for weaker sales guidance, management will likely guide sales in-line with the company’s long-term algorithm of up mid-teens, the analyst tells investors in a research note. Citi believes the stock setup into the print is favorable while keeping a Neutral rating on the shares with a $350 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on LULU:
- Analyst Expects LULU to Deliver Better-than-Expected Guidance Post Q4 Earnings
- Goldman checks constructive on Lululemon ‘brand heat’ and traffic
- Jefferies says Lululemon policy change shows markdown issues
- Lululemon price target lowered to $430 from $440 at JPMorgan
- On Holding Q4 results were ‘exceptional’, says UBS