JPMorgan Lowers Lululemon Stock Price Target Amid Intensifying Competition

Lululemon Athletica's stock price target has been lowered by JPMorgan Chase & Co. from $154 to $95, representing a potential downside of 21.98% from its previous close.

This downgrade comes as the apparel retailer faces challenges in restoring growth amid changing customer preferences and intensifying competition in the market.

The company's second-quarter revenue fell 4%, missing expectations, while comparable sales dropped 9%, its weakest performance since the Great Recession. Americas revenue declined by 8%.