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URBN - Lululemon downgraded as apparel tastes change competitors gain in popularity
Urban Outfitters Inc.
2024-04-29 14:11:29 ET
Lululemon’s ( NASDAQ: LULU ) dominance in the athleisure market could start wearing thin as competitors encroach on its popularity, and as teens and young women go back to buying dress pants over yoga pants. Although Lululemon ( LULU ) still has a solid long-term business model, Barclays is moving to the sidelines, downgrading the stock to Equal Weight from Overweight on signs that sales growth might no longer be accelerating relative to peers like Vuori, Alo Yoga, and FP Movement ( URBN ). ...