Telsey Advisory analyst Dana Telsey reduced Lululemon’s (LVLU) price target to $1 from $2 and maintained a Market Perform rating. The company beat Q4 EBITDA expectations due to strong gross margins and expense control. While Lululemon’s FY25 outlook for adjusted EBITDA is encouraging, the challenged topline hinders a more significant turnaround. The analyst’s reduction in price target is a reflection of this analysis.
