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Fly News Breaks for August 31, 2016
LULU
Aug 31, 2016 | 06:48 EDT
Barclays analyst Matt McClintock's lululemon channel checks indicate robust demand and notes that Q2 could be an inflection point in gross margins. The analyst said inventory is now in line with sales and expects reduced markdown pressure. Further, he sees the potential for upside given conservative guidance and reiterates his Overweight rating on shares.
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