** Shares of Lululemon Athletica LULU.O down 1.8% at $219.20 premarket
** J.P.Morgan downgrades yogawear maker's stock to "neutral" from "overweight"; trims PT to $224 from $303
** JPM says U.S. growth is slowing as core and seasonal products underperform, with revenue increasingly reliant on limited set of new innovations
** Brokerage adds that inventory pressures are rising, prompting deeper markdowns and promotional activity that may weigh on margins more than expected
** Last month, LULU cut its profit forecast for the year
** JPM estimates total FY26 Americas revenue of $7.961 billion, falling short of co's Investor Day goals by nearly $1 billion
** 17 of 34 brokerages rate stock "buy" or higher, 14 "hold" and three "sell" or lower; median PT is $290 - data compiled by LSEG
** As of last close, LULU down ~41% YTD
(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com;))
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