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Fly News Breaks for March 31, 2016
LULU
Mar 31, 2016 | 06:12 EDT
Nomura analyst Simeon Siegel raised his price target for lululemon to $72 after the company reported better than expected Q4 comps and earnings. The analyst expects the company's Q1 and FY16 outlooks to prove conservative. He points out lululemon's 2020 targets imply a doubling of revenue to $4B. Siegel keeps a Buy rating on the shares.
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