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Fly News Breaks for November 5, 2018
LULU
Nov 5, 2018 | 08:57 EDT
Baird analyst Mark Altschwager said his tracker survey shows Lululemon is seeing strong growth in the assortment size and encouraging markdown trends, while newness levels declined. The analyst said its product stories are building and he sees significant whitespace opportunities ahead. Altschwager said he would be a buyer of the shares given the recent macro-driven pullback. Altschwager reiterated his Outperform rating and $190 price target on Lululemon shares.
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