RBC Cuts Price Target on lululemon (LULU) to $17; Maintains Outperform
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RBC Capital lowers its price target on lululemon athletica (Nasdaq: LULU) from $30 to $17. The firm maintains its Outperform rating on lululemon.
Since shares of lululemon set a new 52-week low at $6.96 on November 20, the stock price has risen by as much as 58%.
Today, the stock is down more than 7%, most recently trading at $10.45.
lululemon athletica, inc. designs, manufactures, and distributes athletic apparel for women and men.
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