Wells Fargo analyst Ike Boruchow lowered the firm’s price target on Lululemon (LULU) to $160 from $205 and keeps an Equal Weight rating on the shares. In a Q2 EPS season that has been fueled by upside/beats, the firm says Lululemon is a clear negative standout, with a much worse than feared print highlighted by its largest full year guide-down in 10-plus years.
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