A Piper Sandler analyst upgraded lululemon stock, citing opportunity for “outperformance in outerwear this Fall/Winter, and stable promotional intensity.”
A Piper Sandler & Co. analyst upgraded lululemon athletica Inc. stock, citing opportunity for “outperformance in outerwear this Fall/Winter, and stable promotional intensity.”, Abbie Zvejnieks, research analyst at Piper Sandler, raised her rating for the Vancouver-based company to overweight , from neutral. She also increased her price target to US$350, from US$320.
Zvejnieks thinks lululemon’s outerwear division will outperform this year, with colder weather expected to hit North America in the fall and winter.Zvejnieks added that lululemon will not have to “react as much as peers to the more intense promotional environment.”, teens’ favourite clothing brand is Nike, Inc. , followed by lululemon and American Eagle Outfitters, Inc.
“We do not think LULU will have to react to NKE's increased promotional activity as much as peers due to the stronger brand positioning and more affluent customer base. Additionally, app download data and Google Trends remain solid,” Zvejnieks said.“The Piper Sandler Taking Stock With Teens® survey is a semi-annual research project that gathers input from 14,500 teens with an average age of 15.8 years.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Scotiabank analyst cuts price targets for several transportation, aviation stocks - BNN BloombergAn analyst at Scotiabank has cut price targets for almost every transportation and aviation stock on his coverage list, citing concerns around how a potential recession could impact these sectors.
اقرأ أكثر »
U.S. stocks decline as rising yields sap risk appetite - BNN BloombergStocks fell, pressured by rising Treasury yields and signs that company earnings were set to disappoint. A gauge of the dollar climbed to the highest this month.
اقرأ أكثر »
The Week Ahead: Earnings from Aritzia, BlackRock; U.S. inflation data due - BNN BloombergA look at what investors will be watching in the week ahead.
اقرأ أكثر »
Experts explain how to speak to your partner about finances - BNN BloombergTalking about finances with your significant other in the best of times can be challenging, but living through economic uncertainty may bring additional stress to these conversations.
اقرأ أكثر »
Canada adds 21,000 jobs in tight market; Unemployment rate falls - BNN BloombergCanadian employment grew in September for the first time in four months, but gains remained moderate in a sign the labor market continues to be near full capacity.
اقرأ أكثر »
Twitter trial against Musk is halted to allow deal to close - BNN BloombergA Delaware judge halted a court case against Elon Musk over his US$44 billion purchase of Twitter Inc., giving the parties more time to complete the deal.
اقرأ أكثر »