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Fly News Breaks for February 2, 2017
LULU
Feb 2, 2017 | 06:59 EDT
Goldman analyst Lindsay Drucker Mann upgraded lululemon to Neutral and raised its price target to $65 from $50 to reflect healthy comp growth over the difficult Holiday period. Mann said comps are more resilient than anticipated and positive comp growth, unit growth, and margin expansion justify a higher multiple.
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