lululemon price target lowered to $55 from $68 at Wedbush Wedbush lowered its earnings estimates for lululemon citing the company's negative Q4 preannouncement and keeps a Neutral rating on the stock. The firm believes lululemon is suffering from a lack of leadership and wants to see signs of comp and product stabilization before getting more positive on the name. Wedbush cut its price target for shares to $55.
News For LULU From The Last 14 Days
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lululemon outright sale unlikley imminent, says Oppenheimer Oppenheimer says it doubts an outright sale of lululemon is imminent after founder Chip Wilson sold half his stake. However, the firm believes Advent's involvement should help provide support to the shares. Opco expects Q2 comps to be down 4%, the low end of guidance, due to continued lack of product innovation. It keeps an Outperform rating on lululemon with a $53 price target.