Lululemon price target raised to $200 from $170 at Truist

Truist raised the firm’s price target on Lululemon (LULU) to $200 from $170 but keeps a Hold rating on the shares after its Q3 earnings beat and guidance raise. The company’s CEO departure, China strength, and less tariff pressure drive upside, though the turnaround visibility for the stock “remains limited”, the analyst tells investors in a research note. Issues with stale assortments and elevated competition in a challenging athleisure category will likely be hard for a new leader to address quickly, especially if problems mount during the transition, the firm added.