Lululemon Athletica Is 'Over-Investing In Innovation,' Analyst Cuts Price Target
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Lululemon Athletica faces risks due to product execution issues and growth in sale sections, according to Piper Sandler analyst Anna Andreeva. She maintained a Neutral rating and cut the price target from $270 to $200. The company has significantly increased its innovation efforts, but this has led to more products ending up on clearance, resulting in higher discounting. Lululemon's shares rose by 0.64% to $217.97 at the time of publication.
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