Lululemon price target lowered to $509 from $531 at JPMorgan

JPMorgan analyst Matthew Boss lowered the firm’s price target on Lululemon to $509 from $531 and keeps an Overweight rating on the shares. The company reported a solid Q4 earnings beat but guided fiscal 2024 before the Street, the analyst tells investors in a research note. The firm says Lululemon’s sales momentum continued post the holiday in every geography globally aside from a “soft start in the US.”