Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Lulu’s Fashion Lounge (LVLU) to $1 from $2 and keeps a Market Perform rating on the shares. The company delivered an EBITDA beat for Q4, driven by better-than-expected gross margin performance and tighter expense control, the analyst tells investors. While the firm is encouraged by the company’s FY25 outlook for its adjusted EBITDA, the challenged topline hinders a more robust turnaround, the firm adds.
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