As previously reported, Argus downgraded Lululemon (LULU) to Hold from Buy as the firm believes the company’s growth is likely to be hurt by an aging product line in need of an update, U.S. tariffs on imports from China and Mexico and competition from Nike (NKE), Nordstrom (JWN), Under Armour (UAA) (UA) and Vuori. In addition, Lululemon is facing an uncertain economic backdrop and inflationary headwinds, Argus says. The firm is also lowering its FY26 estimate to $15.20 from $17.24 and setting a FY27 estimate of $17.20 per share.
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