Lululemon shares fall after BMO initiates Underperform
Lululemon (LULU) shares fell 4% in the afternoon session after BMO Capital Markets analyst Kelly Crago initiated coverage with an Underperform rating and a $70 price target, citing weakening demand in the Americas.
What Happened? Shares of athletic apparel retailer Lululemon NASDAQ:LULU fell 4% in the afternoon session after BMO Capital Markets analyst Kelly Crago initiated coverage with an Underperform rating and a $70 price target. According to TipRanks, Crago flagged weakening demand in the Americas and Ch…