** Shares of athleisure wear maker Lululemon Athletica LULU.O up 1.6% at $401.80 premarket
** Bernstein upgrades stock to "outperform" from "market perform", raises PT to $460 from $360
** Brokerage says co's Americas business has "bottomed" and is now set for a modest recovery, following growth deceleration last year, maturation of brand in U.S. and increased competition
** Sees stronger and new spring 2025 product assortment, easier comparables from weak 2024 and more positive U.S. higher-income consumers aiding the recovery
** Cites data to say China is an under-penetrated, high-potential growth market for LULU and relatively immune to macro risk, given co's low market share
** 20 of 36 brokerages rate stock "buy" or higher, 13 "hold" and three "sell" or lower; with a median PT of $392.50 - data compiled by LSEG
** LULU stock fell ~25% in 2024
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.