Core Viewpoint - Lululemon Athletica Inc is experiencing significant downward pressure on its stock price due to multiple downgrades from major brokerages, indicating a potential slowdown in the athletic apparel market and increased competition [1][2]. Group 1: Analyst Ratings and Price Targets - JPMorgan Securities downgraded Lululemon to "neutral," removed it from its analyst focus list, and reduced its price target from 338, citing a "category slowdown" and competition vulnerability [1]. - Citigroup also downgraded Lululemon from "buy" to "neutral," lowering its price target from 300 [1]. - TD Cowen adjusted its price target from 420 [1]. - Currently, 19 out of 27 brokerages rate Lululemon stock as "buy" or better, with a 12-month consensus price target of 340 level [2]. - If premarket losses persist, Lululemon will add to a year-to-date deficit of 46.8% [2].
Analyst: Lululemon Stock Faces a "Category Slowdown"