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Fly News Breaks for June 9, 2016
LULU
Jun 9, 2016 | 08:10 EDT
Oppenheimer analyst Anna Andreeva says lululemon is her favorite "way to play athletic" with earnings finally accelerating after four years of flattish results. The analyst sees expectations for up in 2016 as realistic given the company's inventory reduction and the "big" gross margin beat. lululemon's gross margins should continue to expand as supply chain initiatives get better realized and brand equity momentum continues, Andreeva tells investors in a research note. She reiterates an Outperform rating and $80 price target on the shares.
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