Barclays analyst Adrienne Yih lowered the firm’s price target on Lululemon (LULU) to $276 from $309 and keeps an Equal Weight rating on the shares. The firm’s Q1 promotion tracker for retailers shows sector-wide “flat” promos year-over-year. However, earnings risk in the second of the year is building as inventory dollars are growing, demand risk is rising, and price increases and margin pressure begin in June and July, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LULU:
- Lululemon price target lowered to $300 from $315 at Wells Fargo
- Lululemon price target lowered to $275 from $330 at Citi
- Lululemon call volume above normal and directionally bullish
- Lululemon price target lowered to $302 from $363 at Goldman Sachs
- Lululemon price target lowered to $389 from $391 at JPMorgan