lululemon athletica (LULU) to Acquire Home Fitness Innovator MIRROR for $500 Million
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Piper Sandler Bullish on Lululemon's (LULU) MIRROR Acquisition
June 30, 2020 9:03 AM EDTPiper Sandler analyst Erinn Murphy reiterated an Overweight rating and $365.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) citing the purchase of MIRROR, which will expand omni-guest experiences, drive membership, fuel digital engagement, and provide a new international growth level.
The analyst... More
BMO Capital Reiterates Market Perform Rating on Lululemon Athletica Inc. (LULU) Following Announced MIRROR Acquisition
June 30, 2020 7:31 AM EDTBMO Capital analyst Simeon Siegel reiterated a Market Perform rating and $192.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) following the company's announced acquisition of in-home fitness company MIRROR, for $500mn. MIRROR will operate as a standalone company following the transaction, with CEO Brynn... More
Lululemon Athletica Inc. (LULU) PT Raised to $335 at Cowen Amid MIRROR Deal; 'At-Home Fitness Has Huge Potential'
June 30, 2020 6:40 AM EDTCowen analyst John Kernan raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $335.00 (from $311.00) while maintaining an Outperform rating after the company agreed to acquire MIRRO for $500 million.
The analyst commented, "MIRROR is on track to generate in excess... More
