Truist Analyst Downgrades Lululemon Stock Amid Declining Consumer Interest and Momentum
A senior Truist analyst, Joseph Civello, downgraded Lululemon (LULU) stock to 'Sell' with a reduced price target of $94. The downgrade follows declining consumer interest as indicated by search trends on Google and TikTok, subdued credit card transaction volumes, recent PR missteps, and negative social sentiment in its core North American market.
Topics: analyst report consumer trends Lululemon stock downgrade Truist