Lululemon price target lowered by Jefferies ahead of Q4 earnings on leadership uncertainty

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Jefferies has lowered its price target for Lululemon Athletica Inc (NASDAQ:LULU) to $170 from $185, maintaining a ‘Hold’ rating ahead of the company’s Q4 earnings. The reduction is largely due to concerns over leadership uncertainty, potential governance issues, and increasing competition. Analysts believe current earnings estimates are too high and significant downward revisions may be necessary before the stock can recover.

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