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Fly News Breaks for June 8, 2016
LULU
Jun 8, 2016 | 10:25 EDT
Jefferies analyst Randal Konik raised his price target for lululemon to $80 saying today's Q1 results shows "brand demand remains strong, gross margin recovery is on track and inventories are now in line." The company's self-inflicted wounds are now being corrected, Konik tells investors in a post-earnings research note. He remains a buyer of the stock with a Buy rating.
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