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Fly News Breaks for October 17, 2016
LULU
Oct 17, 2016 | 08:26 EDT
Goldman analyst Lindsay Drucker Mann lowered lululemon's Q3 comps sales forecast to 3% from 4.5%, below guidance of mid-single digits, and made no change to her 42c earnings estimate. The analyst reiterates her Sell rating given competitive pressures weighing on traffic and pricing tailwinds fade.