Lululemon price target lowered to $360 from $385 at Telsey Advisory

Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Lululemon (LULU) to $360 from $385 and keeps an Outperform rating on the shares. The company’s Q1 results “nicely topped” consensus and guidance, the analyst tells investors. Consumers continue to respond well to newness and new product launches, the firm adds. Lululemon, however, revised its annual guidance, which was related primarily to tariffs, the firm notes.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on LULU:

Disclaimer & DisclosureReport an Issue

• Lululemon price target lowered to $290 from $297 at Truist

• Morning Movers: Manchester United gains, Lululemon sinks after quarterly reports

• Lululemon price target lowered to $321 from $373 at TD Cowen

• Top Analysts Slash Price Target on Lululemon Stock (LULU) as Retailer Lowers Earnings Guidance

• Lululemon price target lowered to $250 from $302 at BMO Capital