Stifel lowered the firm’s price target on Lululemon (LULU) to $324 from $353 and keeps a Buy rating on the shares. Despite a slow start to 2025 and “surprise” international deceleration, the multi-year growth thesis is intact, the analyst tells investors in a post-earnings note. The firm is “encouraged” by guest response to newness in the U.S., but recognizes the inherent risk in the required international comp acceleration in the coming quarters, the analyst added.
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