Lululemon Athletica Inc. (LULU) PT Raised to $335 at Cowen Amid MIRROR Deal; 'At-Home Fitness Has Huge Potential'
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BMO Capital Reiterates Market Perform Rating on Lululemon Athletica Inc. (LULU) Following Announced MIRROR Acquisition
June 30, 2020 7:31 AM EDTBMO Capital analyst Simeon Siegel reiterated a Market Perform rating and $192.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's announced acquisition of in-home fitness company MIRROR, for $500mn. MIRROR will operate as a standalone company following the transaction, with CEO Brynn... More
Peloton (PTON) Ticks Lower as lululemon Buys MIRROR
June 29, 2020 4:09 PM EDTPeloton (NASDAQ: PTON) ticks lower on news lululemon athletica (NASDAQ: LULU) will acquire home fitness innovator MIRROR for $500 million. PTON was last down 1.7%.
... Morelululemon athletica (LULU) to Acquire Home Fitness Innovator MIRROR for $500 Million
June 29, 2020 4:05 PM EDTlululemon athletica inc. (NASDAQ: LULU) today announced that it has entered into a definitive agreement to acquire MIRROR, a leading in-home fitness company that created an interactive workout platform that features live and on-demand classes, for a purchase price of $500 million.
With its best-in-class content and versatile platform, MIRROR positions lululemon to accelerate its vision and build upon an ecosystem that will fuel the Companys Power of Three growth plan, which includes driving the business through omni guest experiences. MIRROR will bolster the companys digital sweatlife offerings and bring immersive and... More
