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BUZZ-Brokerages lift Lululemon's PT on product innovation, raised Q4 forecasts

ReutersJan 15, 2025 3:13 PM

Brokerages raise PT on sportswear maker Lululemon Athletica LULU.O following the co lifting its Q4 sales and profit forecasts on Monday, aided by strong holiday season demand

Guggenheim ("buy") raises PT to $430 from $415, says co is successfully returning to historical levels of seasonal product newness as they believe insufficient newness negatively impacted 2024 sales

Raymond James ("outperform") raises PT to $430 from $400, sees revenue growth driven by accelerating product innovation, diversification and co's strength in relatively underpenetrated international markets

Wells Fargo ("equal weight") also raises PT to $375 from $350

22 of 36 brokerages rate the stock "buy" or higher, 11 "hold" and 3 "sell" or lower, with a median PT of $398 - data compiled by LSEG

LULU fell ~25% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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