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Fly News Breaks for April 20, 2017
LULU
Apr 20, 2017 | 08:03 EDT
Cowen analyst Oliver Chen said lululemon shares are trading at a discount given the guidance of positive comps for Q2. The analyst sees catalysts for rising valuation, including product innovations, the company's global brand campaign, and online visual improvements. Chen reiterated his Outperform rating and $64 price target on lululemon shares.
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