Argus Downgrades Lululemon Athletica Inc. (LULU) to Hold, 'growth is likely to be hurt by an aging product line'

Argus analyst John Staszak downgraded Lululemon Athletica Inc. (NASDAQ: LULU) from Buy to Hold.

The analyst comments "We are downgrading Lululemon Athletica Inc. (NGS: LULU) to HOLD from BUY. In our opinion, Lululemon’s growth is likely to be hurt by an aging product line in need of an update, U.S. tariffs on imports from China and Mexico and competition from Nike, Nordstrom, Under Armour and Vuori. In addition, the company is facing an uncertain economic backdrop and inflationary headwinds."

For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.

Shares of Lululemon Athletica Inc. closed at $283.06 yesterday.

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