RBC Cuts Price Target on lululemon (LULU) to $30
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Price: $98.97 +2.16%
Rating Summary:
13 Buy, 33 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 3 | Down: 5 | New: 34
Rating Summary:
13 Buy, 33 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 3 | Down: 5 | New: 34
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RBC Capital lowers its price target on lululemon athletica (Nasdaq: LULU) from $47 to $30. The firm maintains its Outperform rating on the stock.
The firm said it expects lululemon to report in-line Q2 earnings, which are expected out before the market opens on Thursday, September 11.
Shares of lululemon just recently jumped into positive territory, most recently trading at $18.57, up 1.5% from yesterday's close. RBC's new $30 price target on lululemon represents a potential gain of about 65% from current levels.
lululemon athletica, inc. designs, manufactures, and distributes athletic apparel for women and men.
The firm said it expects lululemon to report in-line Q2 earnings, which are expected out before the market opens on Thursday, September 11.
Shares of lululemon just recently jumped into positive territory, most recently trading at $18.57, up 1.5% from yesterday's close. RBC's new $30 price target on lululemon represents a potential gain of about 65% from current levels.
lululemon athletica, inc. designs, manufactures, and distributes athletic apparel for women and men.
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