Lululemon price target lowered to $430 from $440 at JPMorgan

JPMorgan analyst Matthew Boss lowered the firm’s price target on Lululemon Athletica to $430 from $440 and keeps an Overweight rating on the shares. Supporting continued sales momentum in Q1 and beyond, Lululemon has launched a variety of new products over the past four weeks, the analyst tells investors in a research note. The firm says its recent fieldwork points to product pipeline and inventory progress for the company.