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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