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Fly News Breaks for January 16, 2019
LULU
Jan 16, 2019 | 07:06 EDT
MKM Partners analyst Roxanne Meyer nudged her price target on Lululemon to $179 from $177 after her meeting with the company's management, saying the discussion affirmed her view that the strong reported holiday sales reflect "continuation of favorable trends". The analyst also kept her Buy rating and maintained her view of 2018 as an "inflection year" for Lululemon, which she sees benefiting from the strength of product/innovation, new customer growth driven by men, and its improved on-line experience.
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