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Fly News Breaks for May 16, 2016
LULU
May 16, 2016 | 07:48 EDT
BofA/Merrill analyst Rafe Jadrosich reinstated coverage on lululemon with an Underperform rating and $50 price target saying he sees downside to Street estimates. The analyst has a lower sales and margin outlook due to intensifying competition and ongoing investments to support international expansion.
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