KeyBanc analyst Ashley Owens raised the firm’s price target on Lululemon (LULU) to $400 from $350 and keeps an Overweight rating on the shares. Lululemon posted a Q3 beat, with revenue up 9% year over year, with solid Black Friday trends, the analyst tells investors in a research note. Management called out newness is on track to be in line with historical levels by 1Q25, the firm adds.
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