- Morgan Stanley analyst Kimberly Greenberger upgraded Lululemon Athletica Inc LULU to Overweight from Equal Weight. The analyst reduced the price target from $339 to $303, implying a 16.24% upside.
- Though Lululemon is trading at a discount versus history, the analyst opined that risks seem priced in, and the business could prove more resilient.
- The analyst calls Lululemon a long-time compounder.
- Price Action: LULU shares are trading higher by 4.31% at $271.90 in premarket on the last check Thursday.
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