MKM Partners Reiterates Buy on lululemon athletica (LULU) Following Survey
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Rating Summary:
32 Buy, 11 Hold, 3 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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MKM Partners maintained a Buy rating and $77.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following a proprietary survey. The survey showed that within the last month, 8.9% of U.S. consumers made their first lulu purchase, 57% of U.S. consumers made a purchase within the last few months, and 8.1% of U.S. consumers wear lulu daily (8.3% of Canadians).
Analyst Roxanne Meyer commented, "Despite the slower start to 1Q, we look for LULU to be a top 1Q performer; we look for an in-line 1Q and see momentum in 2Q and beyond, supported by the results of our fourth survey of LULU shoppers, done in collaboration with Wendy Farina and the MKM Intelligence Community. The survey included responses from 1,000 LULU shoppers, including 300 from Canada (790 female, 210 male) during the third week of May."
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 $65.03 yesterday.
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