Truist lowered the firm’s price target on Lululemon (LULU) to $297 from $380 and keeps a Buy rating on the shares. The footwear/apparel space remains under considerable pressure due to highly volatile and substantial tariff headwinds, but the firm sees Lululemon as a name that can outperform softer topline expectations, the analyst tells investors in a research note. Lululemon’s Q1 guide calls for no acceleration in the US despite solid trends seen in Truist Card Data, TikTok, and Google Trends, the firm adds.
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