Morningstar analyst Jaime Katz reiterated her two-star (Sell) rating on the stock and $50 price target. “Overall, lululemon remains an attractive growth story, but only at the right price. We believe the company has numerous opportunities ahead, and we have seen the success the business has garnered expanding into men’s and youth and integrating capsules (bike) into its stores. Given the potential reach of the business, revenue and earnings should be able to expand quickly. However, we cannot justify recommending the stock, as this growth potential is more than priced into the shares.”
I Just lowered my price target to $15.57, thats when I'll cover this turd!