Lululemon price target raised to $527 from $500 at Truist

Truist raised the firm’s price target on Lululemon to $527 from $500 and keeps a Buy rating on the shares. The company reported a “solid” Q3, and its Q4 is off to a “strong start” as Black Friday marked the biggest day in company history, the analyst tells investors in a research note. The stock was down on slightly weaker expected Q4, but given its momentum, the outlook looks “fairly conservative”, especially given Lululemon’s strong international growth profile and loyal customer base, the firm added.