Lululemon falls after Truist downgrades to 'sell'
16/07/2026 13:48
BUZZ-Lululemon falls after Truist downgrades to 'sell' ** Athleisure maker Lululemon Athletica's LULU.O shares down 1.7% to $115.44 premarket
** Brokerage Truist downgrades stock to "sell" from "hold", citing meaningful pressure and limited visibility into a potential recovery
** Headwinds include recent PR missteps, growing competition and elevated concerns about growth opportunities in China, which has been LULU's strongest region - Truist
** Says current leadership transition period likely stalls turnaround efforts; cuts PT to $94 from $115
** Two of 35 brokerages rate the stock "buy" or higher, 29 "hold" and 4 "sell"; their median PT is $122 - data compiled by LSEG
** Up to last close, stock had fallen nearly 44% YTD
(Reporting by Shania S Thomas in Bengaluru)
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