Lululemon Athletica Inc. (LULU) PT Lowered to $314 at Morgan Stanley

Morgan Stanley analyst Alex Straton lowered the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $314.00 (from $326.00) while maintaining a Overweight rating.

The analyst comments "Our China deep dive confirms LULU’s nearly unprecedented success in the region — we think a function of its thoughtful/ methodical entry & relevant positioning. While that's impressive, our work shows forward expectations may be too high for China/ int’l, leading us to trim our M-T estimates. Reduce PT to $314."

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