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Lululemon Stock Loses Another Bull

Lululemon Stock Loses Another Bull

Lululemon Athletica joined in on the marketwide slump Friday, as a downgrade from Goldman Sachs exacerbated concerns over slowing consumer demand in the U.S. Analyst Brooke Roach lowered her rating for the stock to Neutral from Buy and slashed her price target to $286 from $463. Roach has been bullish on Lululemon since July 2021.