Morgan Stanley lowered the firm’s price target on Lululemon (LULU) to $223 from $280 and keeps an Equal Weight rating on the shares. The firm anticipates potential Q2 EPS underperformance and management likely trimming fiscal year EPS guidance on higher tariffs, but adds that such an outcome “feels mostly appreciated” in the low valuation and Street consensus.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LULU:
- BofA cuts Lululemon price target, sees ‘particularly good opportunity’
- Lululemon names Ranju Das as Chief AI & Technology Officer
- Lululemon Athletica: Hold Rating Maintained Amidst Uncertain Sales Turnaround and Fair Valuation
- Lululemon Athletica: Strong Growth Potential and International Opportunities Justify Buy Rating
- Mixed options sentiment in Lululemon with shares down 1.76%