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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LULU:
- William Blair sees Lululemon raising Q4 outlook on ‘robust’ holiday sales
- Lululemon’s (NASDAQ:LULU) Emissions Jump despite Promising to Reduce Them
- Nike price target lowered to $107 from $108 at Truist
- The sports and lifestyle brand stocks to own in 2024, according to Stifel
- Lululemon price target raised by $67 at Stifel, here’s why
