Citi analyst Paul Lejuez downgraded lululemon athletica to Neutral and cut his price target for the shares to $59 from $85 following the retailer's Q4 results. While the quarter was strong, trends have "slowed significantly" in Q1 both online and in stores, Lejuez tells investors in a post-earnings research note. The analyst believes management "may be setting the bar too high" to expect an acceleration in sales beyond Q1, particularly as its faces difficult productivity comparisons. Long-term growth is not as visible against the backdrop of the current weakness, Lejuez contends. lululemon shares are down 18%, or $11.90, to $54.40 in pre-market trading.