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Fly News Breaks for March 30, 2017
LULU
Mar 30, 2017 | 07:45 EDT
After lululemon provided weaker than expected Q1 guidance, SunTrust analyst Pamela Quintiliano says the miss "largely reflects self-inflicted wounds." The analyst says that the company is quickly addressing the problems, and she is confident that its results will rebound in 2H17. However, she is cautious about the company's near-term outlook, and she cut her price target on the shares to $69 from $83. Nevertheless the analyst recommends buying the shares on weakness.
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