Information Provided By:
Fly News Breaks for December 7, 2018
LULU
Dec 7, 2018 | 08:08 EDT
DA Davidson analyst John Morris lowered his price target on Lululemon to $145 and kept his Neutral rating after its Q3 results, noting that its better than expected comps and earnings were offset by higher SG&A spending. The analyst also cites rising freight and labor costs along with a potential consumer slowdown in 2019 behind his price target reduction, adding that "all the good news" for the company is "likely out there" with investor expectations at a high level.