Lululemon’s China Comeback, Analyst Sees 60% Q3 Growth
BofA Securities analyst Lorraine Hutchinson reiterated a Buy rating at Lululemon Athletica Inc. (NASDAQ:LULU) with a price target of $355. The analyst says that the data shows that LULU’s sales in China have picked up momentum in the third quarter to date, following a slowdown in the second quarter. Notably, Meritco’s data shows that Lululemon’s…