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Fly News Breaks for January 4, 2016
LULU
Jan 4, 2016 | 06:25 EDT
Jefferies analyst Randal Konik upgraded lululemon athletica to Buy saying consensus expectations have been reset and are now likely beatable. The analyst believes the retailer has a "significant margin opportunity" that is not yet reflected in consensus estimates. He raised his price target for the shares to $70. Wells Fargo this morning also upgraded lululemon.
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