KeyBanc analyst Noah Zatzkin raised the firm’s price target on Lululemon to $375 from $350 and keeps an Overweight rating on the shares. The company posted “impressive” results amid a challenging retail environment, and raised its fiscal year guidance, Zatzkin tells investors in a research note. The analyst says the results “are a testament to the strength of the brand” and underscore that Lululemon is well positioned amid a difficult macro environment.
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