Piper Sandler analyst Anna Andreeva lowered the firm’s price target on Lululemon (LULU) to $165 from $200 and keeps a Neutral rating on the shares. The firm says the company is seeing positive results in Performance but fatigue within Casual, specifically with the higher value consumer who is spending less with the company. Lululemon reduced annual guide on weaker U.S. and China.
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Read More on LULU:
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- Oppenheimer downgrades Lululemon following softer Q2 results, lower guidance
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