Stifel analyst Jim Duffy raised the firm’s price target on Lululemon to $450 from $400 and keeps a Buy rating on the shares ahead of the company’s fiscal Q3 report on Thursday, December 8, telling investors that he expects "revenue led upside" to results in the second half of the fiscal year. U.S. checks show promotions in Q3 and Q4-to-date to be below both Q2 and 2019 despite elevated inventory, Duffy said in his earnings preview note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LULU:
- Lululemon price target raised to $542 from $535 at Cowen
- Lululemon price target raised to $465 from $390 at Credit Suisse
- Lululemon price target raised to $400 from $350 at Citi
- Goldman finds small crowds, more promotions over Black Friday weekend
- Black Friday weekend played out largely in line with expectations, says KeyBanc
