Baird lowered the firm’s price target on Lulu’s Fashion Lounge to $4 from $5 and keeps an Outperform rating on the shares. The firm noted management announced preliminary FQ2 results below consensus and withdrew its F2023 guidance, driven by lower-than-anticipated top-line performance.
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Read More on LVLU:
- Lulu’s Fashion downgraded to Market Perform from Outperform at Telsey Advisory
- Lulu’s Fashion Lounge downgraded to Neutral from Buy at Goldman Sachs
- Lulus Announces Preliminary Second Quarter 2023 Results
- Lulu’s Fashion Lounge withdraws 2023 guidance
- Lulu’s Fashion Lounge sees Q2 revenue $104.5M-$106M, consensus $116.58M
