KeyBanc raised the firm’s price target on Lululemon to $570 from $500 and keeps an Overweight rating on the shares. Lululemon’s strong and compelling product continues to drive better than expected growth, and the firm believes its momentum should persist due to product innovation, newness, and international/men’s growth, positioning the company well to navigate the challenging macro and grow alongside its Power of Three x 2 Plan, the analyst tells investors in a research note.
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