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Fly News Breaks for November 4, 2019
LULU
Nov 4, 2019 | 07:10 EDT
Wells Fargo analyst Ike Boruchow raised his price target for Lululemon to $230 from $210 and maintained an Outperform rating, saying Lululemon has beenone of the most incredible growth stories in retail over the past 4 years, as top and bottom-line growth have averaged 17% and 27%, while the stock has increased +265% over that time. The analyst says he thinks international operations can contribute ~$1.5B in revenues and $300M in profit over the next four to five years, implying EPS accretion of $1.75-$2.00.
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