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Fly News Breaks for February 19, 2019
LULU
Feb 19, 2019 | 08:02 EDT
Nomura Instinet analyst Simeon Siegel downgraded Lululemon Athletica to Neutral from Buy while raising his price target for the shares to $157 from $140. The analyst still believes the company has one of the best stories in retail, but he thinks this is reflected in the shares post the recent rally. Ongoing comp strength is priced in at current share levels, Siegel tells investors in a research note.
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