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Is Lululemon going on a downhill road?

Despite the recent bullish on the company, its stock’s price target was revised down by Credit Suisse analyst to $46 from $53 today sending the stock down 5%. Before the release of the research, Lululemon has been doing well and has gained 11% in February.

According to the analyst, the reason for the lower price target is because the demand has shifted and consumer is moving away from the brand even though the product issues have started to subside. They expect that margin will be low as management tries to retain customers. Moreover, commentary about the company is now 34% negative compared to those of 22% last year.