Lululemon price target lowered to $176 from $189 at UBS

UBS lowered the firm’s price target on Lululemon (LULU) to $176 from $189 and keeps a Neutral rating on the shares. The upside case is that Lululemon appoints a new CEO who reinvigorates confidence and drives expectations for a sustained multiyear sales and margin recovery, the analyst tells investors in a research note. The downside case is an uninspiring CEO announcement coupled with further deterioration in U.S. fundamentals, resulting in EPS downgrades and multiple compression, with 4Q25 results suggesting either outcome is plausible, the firm says.