Bernstein upgraded Lululemon (LULU) to Outperform from Market Perform with a price target of $460, up from $360. For the first time, the firm is positive on all its Sportswear coverage. Bernstein expects Lululemon to see an inflection in Americas growth, on a stronger higher-income consumer and easier comparables. Following a tough 2024 with the widespread middle/higher-income squeeze and trade down, U.S. consumers are more optimistic on discretionary spending in 2025, the firm adds.
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Read More on LULU:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
