UBS lowered the firm’s price target on Lululemon (LULU) to $290 from $330 and keeps a Neutral rating on the shares. The firm doesn’t see a reason to believe Lululemon’s U.S. growth rate will accelerate in a meaningful way following the Q1 report, and forecasts just a 6% five-year EPS compound annual growth rate, the analyst tells investors in a research note.
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