JPMorgan downgrades Lululemon, sees stock moving sideways from here
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最新报道：JPMorgan downgraded Lululemon's stock from "overweight" to "neutral," citing limited upside potential as shares are expected to trade sideways. Analyst Matthew Boss noted the stock's 30% rally year-to-date leaves little room for further gains, with valuation now reflecting strong growth prospects. The firm maintained its $425 price target, implying only 3% upside from current levels. While Lululemon continues to execute well in athleisure and international expansion, JPMorgan believes these positives are already priced in. The downgrade follows Lululemon's recent earnings beat but comes amid concerns about slowing U.S. consumer spending and increased competition in the activewear sector.
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