Analyst Pressure Weighs on Lululemon Stock Before Earnings

Lululemon Athletica Inc (NASDAQ:LULU) stock is sliding ahead of the athletic retailer's third-quarter earnings report, due out after the close Thursday, Dec. 11. Jeffries expects disappointing results, reiterating its "underperform" rating and slashing its price target to $120 today. The firm cited shrinking margins, pricing pressures, and competition from Alo Yoga, pushing the shares down 4.8% to trade at $180.80 at last glance. On the charts, LULU has yet to recover from its September 5 post-earnings bear ...