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Fly News Breaks for September 8, 2015
LULU
Sep 8, 2015 | 07:57 EDT
Canaccord expects lululemon's Q2 results to be a modest beat, which the firm believes will do little to allay concerns regarding the yogawear maker, noting that due to improved sentiment a bigger beat may be necessary to move the stock. The firm sees comps having difficulty accelerating and also sees potentially disappointing sales as portending inventory challenges in the second half. Canaccord maintained its Hold rating and $60 price target on lululemon shares.
News For LULU From the Last 2 Days
