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Fly News Breaks for January 15, 2019
LULU
Jan 15, 2019 | 08:13 EDT
Baird analyst Mark Altschwager noted Lululemon raised its Q4 guidance ahead of the ICR conference and he believes it should be enough to satisfy those with bullish expectations. The analyst said the raise was based on strong momentum and ongoing success of its product offering over the holiday period. He continues to see an attractive risk/reward and calls it a top growth idea for 2019. Altschwager reiterated his Outperform rating and $170 price target on Lululemon shares.
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