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Fly News Breaks for March 31, 2016
LULU
Mar 31, 2016 | 09:21 EDT
Baird analyst Mark Altschwager said lululemon posted strong Q4 results and he continues to see a path to earnings acceleration in 2016 and sustainable earnings growth over the next few year. The analyst cited strong customer response to its product innovation and the resolution of its recent inventory overhang. Altschwager reiterated his Outperform rating and raised his price target to $76 from $71 on lululemon shares.
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