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Fly News Breaks for August 29, 2016
LULU
Aug 29, 2016 | 07:43 EDT
Credit Suisse analyst Christian Buss says he believes that lululemon's earnings appear to be rebounding, driven partly by its effective pricing strategy and "supply chain driven margin expansion." However, the analyst says that the stock appears to reflect margin gains. But he thinks that the stock can rise as a result of positive revenue trends driven by new tops. He says that "early signals" on the company's new tops are "positive," .and he keeps a $76 price target and Outperform rating on the stock.
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