Piper Sandler analyst Edward Yruma lowered the firm’s price target on Lulu’s Fashion Lounge to $3 from $11 and keeps a Neutral rating on the shares. Lulu’s is lapping some of the most difficult comparisons in the second while the consumer remains pressured, the analyst tells investors in a research note. The firm sees last year’s pent up wedding demand serving as a "particular headwind."
Published first on TheFly
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