Truist raised the firm’s price target on Lululemon to $561 from $555 and keeps a Buy rating on the shares after the company raises its Q4 guidance ahead of the ICR conference to reflect solid Holiday sales trends. The firm notes that the update strengthens its conviction that Lululemon offers some of the strongest sales and earnings visibility in the space due to its leading brand heat and robust innovation pipeline, the analyst tells investors in a research note.
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