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Fly News Breaks for April 12, 2017
LULU
Apr 12, 2017 | 07:26 EDT
As noted earlier, Stifel upgraded lululemon to Buy from Hold. Analyst Jim Duffy says that the stock is trading near historical lows following "a merchandising misstep in early spring and disappointing Q1 guidance." He thinks that improvements in the company's fundamentals can cause its multiple to rise, while risk is "contained to any downward estimate revisions." Target remains $60.
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