Morgan Stanley Upgrades This Athletic Apparel Retailer - Read Why

  • 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsMoversTrading IdeasApparel, Accessories & Luxury GoodsBriefsConsumer Discretionary
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!