Lululemon and Lowe’s slide after Wall Street cuts targets
Lululemon and Lowe’s came under pressure after Wall Street cut price targets, citing an uncertain Lululemon sales outlook and delayed recovery in Lowe’s home-improvement demand; LOW shares were down around 1% to a multi-year low.
Lululemon (LULU) and Lowe’s (LOW) were in focus on Wednesday after Wall Street lowered price targets on both retailers, citing an uncertain sales outlook for Lululemon and a delayed recovery in home-improvement demand for Lowe’s. At the time of writing, LOW shares were down around 1%, their lowest level…