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Fly News Breaks for March 27, 2015
LULU
Mar 27, 2015 | 08:26 EDT
Oppenheimer notes that lululemon's Q4 comp sales rose 8%, and the firm thinks the company's top and bottom line momentum is accelerating. The firm says that underlying demand in Q1 has remained consistent with the holiday season, and it expects the trends to improve as spring arrives. The firm says the company's earnings growth is poised to accelerate, and it keeps a $70 price target and Outperform rating.
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