Lululemon price target lowered to $303 from $375 at BTIG

BTIG analyst Janine Stichter lowered the firm’s price target on Lululemon (LULU) to $303 from $375 and keeps a Buy rating on the shares after its Q2 results that lowed larger tariff headwinds than expected. The company’s top-line miss, driven by the U.S., shows that product enhancements to date have not been enough to re-accelerate the Americas, the analyst tells investors in a research note. In light of a cautious consumer and competitive backdrop, Lululemon will need to further address its assortment, BTIG added.