BofA Securities analyst Lorraine Hutchinson has reiterated a Buy rating for Lululemon Athletica Inc. (LULU) with a price target of $355, citing robust sales growth in China. Data reveals that LULU’s China sales rebounded significantly in the third quarter, reinforcing the analyst’s belief in the company’s long-term global growth potential.
Analysts react to Lululemon’s Q2 earnings report, with some optimistic about future growth and others highlighting challenges in the U.S. market. Despite the mixed sentiment, several analysts see value in the stock, particularly with potential turnarounds in the U.S. business.
Lululemon Athletica Inc. (LULU) shares are trading lower on Wednesday due to broader sector weakness, particularly following disappointing earnings reports from Foot Locker and Abercrombie & Fitch. Despite the recent dip, analysts remain optimistic about Lululemon’s future performance, anticipating strong second-quarter earnings.
Lululemon Athletica Inc (LULU) is set to release its second-quarter earnings on Thursday after market close. While the stock has experienced a significant decline over the past year, technical indicators offer a mixed outlook, suggesting both potential for a bullish move and reasons for caution.
