LULU slips as BMO starts coverage with Underperform, 32% downside
Lululemon Athletica (LULU) slipped overnight after BMO Capital launched coverage with an ‘Underperform’ rating, signaling 32% downside. The view ties to a new CEO-led turnaround aimed at product innovation and stronger execution.
Lululemon Athletica Inc. (LULU) stock slipped overnight after BMO Capital launched coverage with an ‘Underperform’ rating, signaling 32% downside. The cautious view comes as new CEO Heidi O’Neill starts a turnaround focused on product innovation, stronger execution and rebuilding connections with i…