Needham downgraded Lululemon (LULU) to Hold from Buy without a price target The firm believes the company’s competitive environment is “too challenging at the moment.” Consensus fiscal 2026 estimates for Lululemon are too high, creating downside risk to numbers over the next 6-12 months even if the company’s fundamentals don’t deteriorate any further, the analyst tells investors in a research note. Needham finds it prudent to move to the sidelines pending evidence that Lululemon is able to “right the ship” in the U.S.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LULU:
- Why Stock Bargain-Hunting for Sportswear Ends With NKE, LULU, and DECK
- Trump links Tylenol use to autism, AutoZone reports downbeat Q4: Morning Buzz
- CoreWeave upgraded, Lululemon downgraded: Wall Street’s top analyst calls
- Lululemon downgraded to Neutral from Outperform at Baird
- Bullish flow in Lululemon with shares up 1.26%