Lululemon Athletica Inc. (LULU) PT Raised to $400 at Oppenheimer
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Beyonce and Adida's Ivy Park collection continue to suffer weak sales
February 8, 2023 2:24 PM ESTThe Wall Street Journal reported in an exclusive story on Wednesday that musical superstar Beyonce is having a difficult time converting her fame on stage to sales of her Ivy Park clothing brand.
The Grammy winner partnered with Adidas in 2019 to relaunch her inclusive athleisure clothing brand. However, the partnership has produced weak sales, leaving a roughly $200 million hole in the companys annual... More
Oppenheimer remains bullish on Lululemon (LULU) after adjusting estimates
February 8, 2023 10:05 AM ESTOppenheimer reiterated an Outperform rating on Lululemon (NASDAQ: LULU) and raised the price target on the stock to $400.00 (From $393.00) after reviewing recent trends and finding that the athletic apparel companys shift to a more digital distribution focus is working together with improved product innovation to drive outsized sales and margin expansion.
Analyst Brian Nagel wrote... More
