John Kernan Covers Lululemon (LULU)

John Kernan, Managing Dir. & Sr. Equity Analyst of Apparel, Footwear & Textiles at Cowen, says Cowen has an outperform rating on Lululemon, but cut their price target to $385 from $389. He says higher investment spending drives initial FY21 guidance below consensus. He adds Lululemon's 1Q outlook is better than expected.

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John Kernan Covers Lululemon (LULU)

John Kernan, Managing Dir. & Sr. Equity Analyst of Apparel, Footwear & Textiles at Cowen, says Cowen has an outperform rating on Lululemon, but cut their price target to $385 from $389. He says higher investment spending drives initial FY21 guidance below consensus. He adds Lululemon's 1Q outlook is better than expected.

ON AIR
7:00 am
Futures

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