Shares of lululemon athletica were lower Thursday as analysts with Jefferies downgraded the stock to Hold from Buy. The firm also lowered its price target to $76 from $80 on the shares. The analysts wrote in a research note today that while they believe lululemon still has ample opportunity to grow its top-line revenue and expand its’ operating margins, they think that this is now largely factored into the stock. They also believe that the athleisure trend is now starting to peak.
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