RBC Cuts Price Target on lululemon (LULU) to $17; Maintains Outperform

December 9, 2008 12:54 PM EST
Get Alerts LULU Hot Sheet
Price: $121.07 +4.65%

Rating Summary:
    13 Buy, 34 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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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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