KeyBanc Reiterates Overweight Rating on Lululemon Athletica Inc. (LULU)

KeyBanc analyst Ashley Owens reiterated an Overweight rating and $350.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU).

The analyst commented, "This past week, we attended LULU's analyst event in Shanghai, inclusive of several store tours and management presentations. We gained insights into LULU's international initiatives, particularly its growth strategy in China and community relationships. Management reiterated the importance of the Chinese market for achieving the 4x of international revenue target laid out in the Power of Three x2 plan, though indicated it would not provide updated MT financial targets during the event. While China shows promise due to effective brand marketing and localization efforts, ongoing softness in the U.S. could pressure the region to deliver and support top line."

For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.

Shares of Lululemon Athletica Inc. closed at $278.25 yesterday.

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