Truist raised the firm’s price target on Lululemon to $555 from $527 and keeps a Buy rating on the shares as part of a broader research note on Softlines. The analyst is citing the firm’s Truist Card Data, which suggests that following “somewhat soft” early December trends, sales accelerated in the week leading into Christmas, which is in-line with recent company commentary highlighting that consumers are shopping closer to key events, and remained solid into year-end.
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