Citi analyst Paul Lejuez raised the firm’s price target on Lululemon (LULU) to $325 from $275 and keeps a Neutral rating on the shares. The firm anticipates the company to report a Q1 earnings beat on June 5 riven by stronger comps versus consensus in the Americas and China. While Citi expects a Q1 beat and believes U.S. trends are currently stable, it thinks more innovation beyond Align No-Line is needed to feel better about Lululemon’s U.S. growth outlook. As such, it sees a balanced risk/reward on the shares into the earnings print.
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 $346 from $373 at Morgan Stanley
- Positive Outlook for Lululemon Athletica Driven by Revenue Growth and Effective Inventory Management
- Lululemon price target lowered to $276 from $309 at Barclays
- Lululemon price target lowered to $300 from $315 at Wells Fargo
- Lululemon price target lowered to $275 from $330 at Citi