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Fly News Breaks for July 12, 2019
LULU
Jul 12, 2019 | 07:56 EDT
Stifel analyst Jim Duffy raised his estimates for Lululemon, citing opportunities he sees associated with the planned 2020 market expansion of lululemon practice, a fee-based membership program that provides benefits to enrolled members. In addition to providing revenue from annual membership fees, he expects the program to help Lululemon better serve its most valuable and engaged guests. Duffy raised his price target on Lululemon shares to $238 given his increased estimates and keeps a Buy rating on the stock.
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