BTIG: Maintain Lululemon (LULU.US) "Buy" rating and raise the target price from US$473 to US$490

$Lululemon Athletica(LULU.US)$ BTIG analyst Camilo Lyon said that despite the macro challenges facing the supply chain, the company announced excellent third-quarter financial results and maintained a balance between its ordinary store business and DTC (direct-to-consumer) business. Analysts pointed out that relative to the 2019 fiscal year, Lululemon's price cuts have declined, and the company's full-price sales strategy is to maintain its overall gross profit margin.

Article excerpted from the US Stock Research Agency