Information Provided By:
Fly News Breaks for December 12, 2019
LULU
Dec 12, 2019 | 07:44 EDT
Credit Suisse analyst Michael Binetti raised his price target for lululemon to $250 from $235 following the company's Q3 earnings report, saying he sees "plenty of reasons" to look past any pullback due to a high bar for Q3. While the stock will continue to face some volatility around near-term SSS trends, Binetti tells investors in a research note that he thinks lululemon has a compelling long-term algorithm that still has enough pockets of upside to sustain a premium multiple.
News For LULU From the Last 2 Days
There are no results for your query LULU