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Read Why Jefferies Downgraded This Athletic Apparel Retailer

Jefferies analyst Randal Konik downgraded Lululemon Athletica Inc (NASDAQ:LULU) to Underperform from Hold and reduced the price target to $200 from $375, implying…
byShivani Kumaresan
July 11, 2022
1 minute read
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  • Jefferies analyst Randal Konik downgraded Lululemon Athletica Inc (NASDAQ:LULU) to Underperform from Hold and reduced the price target to $200 from $375, implying a 29% downside.
  • Konik sees risks to Lululemon’s consensus estimates amidst rising competition and macroeconomic volatility.
  • The analyst also said there is likely risk to Lululemon’s sky-high sales per square foot.
  • Price Action: LULU shares are trading lower by 3.37% at $283.51 on the last check Monday.
 
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