JPMorgan added Lululemon Athletica to its Analyst Focus List with a $430 price target following the Q4 results. Lululemon historically ranks within the top 10 percentile of consumer discretionary equity performance during an economic slowdown, the analyst tells investors in a research note. Relative to the adult active apparel industry declining 5% year-over-ear in the U.S. in Q4, Lululemon Q4 sales grew 30%, translating to 230 basis points of market share gains, the firm adds. It keeps an Overweight rating on the name.
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