Baird analyst Mark Altschwager lowered the firm’s price target on Lululemon to $410 from $435 and keeps an Outperform rating on the shares. The analyst said we believe investors are already on guard for markdown pressures on margin following management’s January update, we take a more guarded near-term view on shares until we see clearer signs that any inventory issues have been worked through.
Published first on TheFly
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