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Fly News Breaks for January 25, 2016
LULU
Jan 25, 2016 | 07:02 EDT
Jefferies analyst Randal Konik says his firm's pricing survey indicates lululemon can take price up, especially in women's tops and bras, given the retailer's "unique offering of both high fashion and high function." Higher prices could drive 170 basis points of gross margin expansion, Konik tells investors in a research note. lululemon raised select prices in September 2015 and pushback from the consumer has not been evident, the analyst points out. He keeps a Buy rating on the stock with a $71 price target.
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