Barclays raised the firm’s price target on Lululemon to $610 from $530 and keeps an Overweight rating on the shares. The firm’s 2024 specialty retail outlook reaffirms its view that a 2024 “retail megacycle has arrived.” Barclays spotlights wholesale with Nike (NKE) as its 2024 best idea, and highlights improving promotional checks suggesting holiday upside.
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