UBS analyst Jay Sole reports that the firm’s latest annual global athletic wear survey “doesn’t give us conviction” that Lululemon’s (LULU) Americas sales growth rate can turn sustainably positive in 2026 as it indicates that U.S. trends likely “stay tough.” No matter who the new CEO is, the firm thinks Lululemon will have to invest at least a year of time and effort to return its U.S. business to sustainable sales growth, adds the analyst, who keeps a Neutral rating and $206 price target on the shares.
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