Jefferies analyst Randal Konik raised the firm’s price target on Lululemon to $225 from $200 and keeps an Underperform rating on the shares. The company’s Q4 results indicate improved trends into quarter-end and Q1 also looks better across both the top- and bottom-line as momentum continues into early spring, the analyst tells investors. However, the firm remains guarded in the mid-to-long term as belt bag comparisons get tougher, competition rises, and the consumer environment slows further, Jefferies stated in a post-earnings note titled "Better 4Q and Better Outlook, but Concerns Haven’t Gone Away."
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Published first on TheFly
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