Analysts turned bearish on LULU this week. Multiple firms slashed price targets after the athleisure brand disappointed on earnings.
Telsey Advisory Group cut its target from $175 to $122. UBS followed, dropping its target from $153 to $124. Both firms maintain Hold ratings. The consensus average target fell sharply to $144 from $171.
LULU's market cap now sits at $13.7 billion. Short interest is modest at 6.2% of free float. But the wave of downgrades signals Wall Street is losing patience with the brand's recovery story.
The standout upgrade of the day came from CIEN. UBS analyst David Vogt raised his target from $285 to $508 — a 78% jump. The networking equipment maker has a $75.8 billion market cap. Vogt kept a Hold rating, but the target reset suggests a major reassessment of the AI-driven optical networking boom.
UBS analyst Joshua Spector was active across chemicals. He cut targets on DOW to $37 and LYB to $73. Both remain at Hold. Spector upgraded GLW to Buy with a $228 target. Corning is seen as a beneficiary of data center fiber demand.
CPB also drew fresh concern. The Campbell's Company saw its consensus target trimmed to $22.06. Six analysts now rate the stock a Sell.
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