Warring on LULU: 'Don't See How Shares Can Go Down from Here'

Ahead of Lululemon (LULU) earnings, CFRA's Zach Warring stops by Morning Movers to help preview the athleisure retailer's report. His firm has a Strong Buy rating and $375 price target on LULU going into earnings. Zach discusses the company's tariff exposure and the overall retail sector reaction to ongoing international trade uncertainty. Shares of LULU are down nearly 50% year to date and Zach says he doesn't "see how shares can go down from here." He sees potential international revenue growth that could alleviate tariff pressures.

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