Lululemon’s Surprise Leap Raises Concerns

Jefferies Raises Price Target for Lululemon Athletica Inc., Maintains Underperform Rating

In a recent update, Jefferies has adjusted its stance on Lululemon Athletica Inc. (NASDAQ: LULU), raising the price target to $300 from the previous $250, while maintaining an Underperform rating on the stock. This move comes in response to the company’s robust results that defied earlier expectations of a peak in momentum.