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Fly News Breaks for August 20, 2019
LULU
Aug 20, 2019 | 07:34 EDT
Cowen analyst John Kernan raised his earnings and estimates on Lululemon ahead of Q2 results which are due out later in the month. The analyst said his channel checks suggest its digital and men's categories remain a source of upside while he remains confident that new product, integrated marketing, and online momentum will yield traffic, improving conversion and better comps. Kernan reiterated his Outperform rating and $200 price target on Lululemon shares.
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