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Fly News Breaks for December 3, 2019
LULU
Dec 3, 2019 | 07:25 EDT
Oppenheimer analyst Brian Nagel raised his price target for Outperform-rated lululemon to $260 from $225, telling investors in a research note that he remains upbeat on lululemon and is optimistic that shares could prove another solid performer for 2020. Nagel acknowledges that gains from here could prove less linear, due to increasingly challenging comp comparisons and a now fuller valuation.
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