Read Why Jefferies Downgraded This Athletic Apparel Retailer

Read Why Jefferies Downgraded This Athletic Apparel Retailer
  • Jefferies analyst Randal Konik downgraded Lululemon Athletica Inc LULU to Underperform from Hold and reduced the price target to $200 from $375, implying a 29% downside.
  • Konik sees risks to Lululemon's consensus estimates amidst rising competition and macroeconomic volatility.
  • The analyst also said there is likely risk to Lululemon's sky-high sales per square foot.
  • Price Action: LULU shares are trading lower by 3.37% at $283.51 on the last check Monday.

Posted In: Apparel, Accessories & Luxury GoodsBriefsConsumer DiscretionaryAnalyst ColorNewsDowngradesPrice TargetAnalyst Ratings