** 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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