Lulu’s Fashion Lounge price target lowered to $1 from $2 at Telsey Advisory
Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Lulu’s Fashion Lounge (LVLU) to $1 from $2 and keeps a Market Perform rating on the shares. The company delivered an EBITDA beat for Q4, driven by better-than-expected gross margin performance and tighter expense control, the analyst tells investors. While the firm is encouraged…