From Yahoo Finance: 2025-06-21 09:35:00

BofA Securities recently lowered its price target on Lululemon (NASDAQ: LULU) from $400 to $370, maintaining a Buy rating. The company revised its earnings outlook down by 2.5%, with a new EPS range of $14.58 to $14.78. This adjustment was made to account for expected pressure from tariffs and a more promotional retail landscape. Despite the revision, BofA remains optimistic about Lululemon’s sales trajectory, with early product launches showing promise. LULU shares have dropped 30% since the announcement and currently trade at a trailing P/E of 15.



Read more at Yahoo Finance: BofA Trimmed Lululemon Target to $370, Should Have Lowered the Buy Rating