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Fly News Breaks for March 23, 2016
UA, LULU
Mar 23, 2016 | 07:34 EDT
Oppenheimer expects lululemon's (LULU) Q4 results to beat expectations, driven by higher than expected comp sales. The firm thinks that the Street already expects the company to provide conservative 2016 guidance. Oppenheimer says that the company's significant square foot growth opportunity and 5%+ comp sales growth outlook make it the best stock in the athletic apparel market. Oppenheimer notes that lululemon's valuation is half that of Under Armour's (UA). The firm keeps an Outperform rating on lululemon.
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