Baird analyst Mark Altschwager raised the firm’s price target on Lululemon to $555 from $520 and keeps an Outperform rating on the shares. The firm said they are expecting a positive holiday update from the company next week supported by solid checks through the holiday period. They said it has been a “sell the news” event the past few years but they would be buyers on any pullback given a favorable setup for 2024.
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