Stifel raised the firm’s price target on Lululemon (LULU) to $210 from $205 and keeps a Hold rating on the shares after the company reported a Q3 beat and announced CEO Calvin McDonald plans to step down at the end of January. The firm expects the coming leadership change catalyzes investor interest in the stock, but believes the structural market conditions driving challenging results – including scaling competition and loyal customer attrition – will take time to correct, the analyst tells investors.
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