Baird raised the firm’s price target on Lululemon to $455 from $430 and keeps an Outperform rating on the shares. The firm said its Q2 results and FQ3/F2023 guidance were ahead of expectations, further evidence of durable brand momentum in the face of a weakening US consumer backdrop. The US is decelerating against very tough comparisons but strong growth internationally speaks to the increasing importance of emerging markets to the story.
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- Fanny Packs and China Push Lululemon (NASDAQ:LULU) to New Highs
- Is Lululemon Stock (NASDAQ:LULU) a Buy, Sell, or Hold After Q2 Earnings?
- Lululemon price target raised to $480 from $430 at Barclays
- Lululemon sees FY23 EPS $12.02-$12.17, consensus $11.93
- Lululemon sees Q3 EPS $2.23-$2.28, consensus $2.23