Citi opens ‘positive Catalyst Watch’ on Lululemon into earnings

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.