Lululemon price target lowered to $170 from $200 at Truist

Truist lowered the firm’s price target on Lululemon (LULU) to $170 from $200 and keeps a Hold rating on the shares after its Q4 results and below-consensus Q1 guidance. The firm notes that while the 2026 outlook largely met the buy-side bar, the investors were far less focused on the guidance given the ongoing CEO transition. Given the current level of uncertainty, which includes an assumed back half-weighted acceleration in U.S. business, Truist believes it is best to remain on the sidelines, the analyst tells investors in a research note.