| 2016-10-17 07:52:14|
LULU 07:52 10/17 10/17/16
lululemon high markdown activity signals caution, says Baird
Baird analyst Mark Altschwager said near-term concerns about lululemon, such as high markdown activity, are intensifying. The analyst believes the inventory level is high and choppy industry traffic and markdown activity is likely to keep valuation under pressure. Altschwager reiterated his Outperform rating and lowered his price target to $79 from $84 on lululemon shares.