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Fly News Breaks for June 10, 2015
LULU
Jun 10, 2015 | 07:56 EDT
Canaccord noted improving comps for lululemon, but said bloated inventory is concerning. The firm believes shares will remain range bound until there is evidence of accelerating two-year comp trends. Canaccord reiterated its Hold rating and raised its price target to $60 from $55 on lululemon shares.
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