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Fly News Breaks for February 6, 2018
LULU
Feb 6, 2018 | 07:48 EDT
Canaccord analyst Camilo Lyon noted lululemon announced the departure of its CEO effective immediately and he assumes it was due to inappropriate behavior given what the company was willing to disclose in its press release. The analyst does not see the departure as a major setback, but notes there is a level of uncertainty until the position is filled. Lyon reiterated his Hold rating and $75 price target on lululemon shares.
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