UBS analyst Jay Sole lowered the firm’s price target on Lululemon (LULU) to $183 from $185 and keeps a Neutral rating on the shares. The firm believes Lululemon had soft U.S. sales momentum through November month-to-date and sees a balanced upside/downside skew into the Q3 earnings report, the analyst tells investors in a research note. UBS sees weaker than expected trends in the U.S., driving the company to lower its EPS guidance to $12.70-$12.78 for FY25.
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