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Fly News Breaks for March 30, 2017
LULU
Mar 30, 2017 | 07:24 EDT
Credit Suisse analyst Christian Buss lowered his price target for lululemon to $56 from $64 to reflect the risk that underlying productivity gains have hit a peak. The analyst notes that a weak start to the year and soft guidance suggest more moderate margin recapture opportunities in 2017. He reiterates a Neutral rating on the shares.
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