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Fly News Breaks for January 14, 2019
LULU
Jan 14, 2019 | 11:21 EDT
After Lululemon increased its revenue, combined comp, and EPS guidance ahead of the company's presentation at the ICR Conference, Stifel analyst Jim Duffy said he was "impressed by the magnitude of the upside" and believes the stronger than anticipated holiday performance highlights the company's continued brand resonance and execution. He bumped up his price target on Lululemon shares to $152 from $151 and keeps a Buy rating on the stock.
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