LULU ▼ -0.1% - lululemon athletica inc. $LULU BMO Capital Markets initiated coverage of Lululemon with an Underperform, saying the turnaround will not be quick or easy as the company cedes share and faces accelerating sales declines. Analyst Kelly Crago set a $70 PT — the second-lowest on the Street by compiled data — implying roughly 28% downside to Thursday’s close. BMO flagged rising competition from Alo and Vuori and a weakening Americas region after a weak quarter and a lowered full-year outlook. At least four brokers have downgraded Lululemon since June; current street mix: six sell-equivalent, 29 hold, two buy. BMO Capital Markets initiated coverage of Lululemon with an Underperform rating and a $70 price target, citing a difficult turnaround ahead, rising competition from rivals like Alo and Vuori, and accelerating sales declines in the Americas region following a weak quarter and lowered full-year guidance. The $70 target implies roughly 28% downside and represents the second-lowest on Wall Street, adding to a wave of downgrades since June that has left the Street consensus heavily tilted toward holds and sells. 11-SEP-2026 08:00 AM ET