9:30 ET -- Expectations for Lululemon's fiscal 2027 are high, and Citi's Paul Lejuez says perhaps too high. In a report, the analyst says that sales continue to weaken across key regions, while growth in China is slowing against tougher comparisons. The North American business is also contracting and new CEO Heidi O'Neill doesn't begin until September. Lacking any particular positive force, the analyst says "consensus numbers are too high for F27, and we don't believe there is a near-term (or easy) fix for the business anytime soon." Citi cuts its target price to $130 from $185. Shares closed Monday at $117.55. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
June 09, 2026 09:30 ET (13:30 GMT)
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