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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LULU:
- Lululemon price target raised to $430 from $400 at Bernstein
- Lululemon price target raised to $531 from $500 at JPMorgan
- Lululemon price target raised to $610 from $530 at Barclays
- William Blair sees Lululemon raising Q4 outlook on ‘robust’ holiday sales
- Lululemon’s (NASDAQ:LULU) Emissions Jump despite Promising to Reduce Them
