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Fly News Breaks for July 14, 2017
LULU
Jul 14, 2017 | 07:18 EDT
Oppenheimer analyst Anna Andreeva says her channel checks indicate lululemon's Q2 comps are running at high-end of the company's low-to-mid-single-digit guidance. Estimates for 2017 are "poised for upside" amid the positive response to better color depth and the Taryn Toomey collaboration, Andreeva tells investors in a research note. She raised her price target for lululemon shares to $68 from $65 and keeps an Outperform rating on the name.
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