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Fly News Breaks for March 30, 2017
LULU
Mar 30, 2017 | 06:22 EDT
BofA/Merrill downgraded lululemon to Underperform and lowered its price target to $51 from $73 to reflect a more muted same-store-sales outlook. The firm's analyst said FY17 same-store-sales guidance for positive low-single digits and a Q1 low-single digit decline were below expectations.
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