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Fly News Breaks for October 16, 2015
LULU
Oct 16, 2015 | 06:11 EDT
Credit Suisse upgraded lululemon to Outperform and increased its price target to $64 from $57. Analyst Christian Buss said management's initiatives to improve product margin could translate into meaningful upside to Street estimates over the next 18 months. Buss believes lululemon can reduce air freight reliance and modestly reduce average unit costs which could result in a 2016 earnings opportunity of $2.48 versus consensus of $2.29.
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