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Fly News Breaks for April 2, 2018
LULU
Apr 2, 2018 | 09:16 EDT
Morgan Stanley analyst Kimberly Greenberger raised her price target on Lululemon to $82 from $73, noting that the company just reported its best quarterly comparable sale growth in five years and that its 2018 guidance calls for SG&A leverage for the first time since 2012. 2017's strong finish sets the stage for continued strength heading into 2018, according to Greenberger, who keeps an Equal Weight rating on Lululemon shares.
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