Citi upgraded Lululemon shares to buy from neutral, saying that it has more than 37% upside as its brand momentum continues.
Lululemon is "checking all the right boxes," according to Citi, with "all systems ready to go" for accelerated growth in 2023. Citi raised its rating on Lululemon shares to buy from neutral, after the company topped fiscal fourth-quarter estimates and offered an upbeat forecast for the coming year. In the latest quarter, the athleisure company earned $4.40 per share , excluding items, on revenue of $2.77 billion. Analysts polled by Refinitiv had estimated it would earn $4.
Lejuez estimates China will account for as much as 22% of the brand's sales by fiscal 2027, up from 8% in fiscal 2022. Citi increased its price target on Lululemon shares to $440 from $350, implying 37.4% upside from Tuesday's closing price. Lejuez noted that Lululemon has doubled its U.S. sales since 2019, underscoring its brand strength and the ongoing opportunity it has in an already mature market.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Euler Finance exploiter returns another $37.1M worth of ETH and DAIThe exploit is believed to have been caused by a faulty function that allowed the attacker to donate tokens to a reserve.
続きを読む »
Fight for Our Lives Rally at the Texas Capitol - 1 of 37 - Photos - The Austin ChroniclePHOTO GALLERY: Yesterday's Fight for Our Lives Rally at the Texas Capitol rotunda stood in opposition to anti-LGBTQIA legislation. See all of JanaB04's photos:
続きを読む »
Space triggers at least 37 protein changes in humans, reveals new studyA new study offers fresh insights into how cells sense and respond to the weightlessness experienced in space.
続きを読む »