BUZZ-Brokerages lift Lululemon's PT on product innovation, raised Q4 forecasts

Reuters

01-15

BUZZ-Brokerages lift Lululemon's PT on product innovation, raised Q4 forecasts

** Brokerages raise PT on sportswear maker Lululemon Athletica LULU.O following the co lifting its Q4 sales and profit forecasts on Monday, aided by strong holiday season demand

** Guggenheim ("buy") raises PT to $430 from $415, says co is successfully returning to historical levels of seasonal product newness as they believe insufficient newness negatively impacted 2024 sales

** Raymond James ("outperform") raises PT to $430 from $400, sees revenue growth driven by accelerating product innovation, diversification and co's strength in relatively underpenetrated international markets

** Wells Fargo ("equal weight") also raises PT to $375 from $350

** 22 of 36 brokerages rate the stock "buy" or higher, 11 "hold" and 3 "sell" or lower, with a median PT of $398 - data compiled by LSEG

** LULU fell ~25% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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data compiled by LSEG</p><p>** LULU fell ~25% in 2024</p><p> (Reporting by Neil J Kanatt in Bengaluru)</p><p> ((Neil.JKanatt@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1496350502.SGD","symbol_name":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250115:nL4N3OB1AH:1","article_id":"2503738628","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503738628","pubTimestamp":1736954030,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Brokerages lift Lululemon's PT on product innovation, raised Q4 forecasts** Brokerages raise PT on sportswear maker Lululemon Athletica LULU.O following the co lifting its Q4 sales and profit forecasts on Monday, aided by strong holiday season demand** Guggenheim  raises PT to $430 from $415, says co is successfully returning to historical levels of seasonal product newness as they believe insufficient newness negatively impacted 2024 sales** Raymond James  raises PT to $430 from $400,  sees revenue growth driven by accelerating product innovation, diversification and co's strength in relatively underpenetrated international markets** Wells Fargo  also raises PT to $375 from $350** 22 of 36 brokerages rate the stock \"buy\" or higher, 11 \"hold\" and 3 \"sell\" or lower, with a median PT of $398 - 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