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Fly News Breaks for December 13, 2019
LULU
Dec 13, 2019 | 08:52 EDT
DA Davidson analyst John Morris raised his price target on Lululemon to $220 after its Q3 earnings beat and "solid" 23% revenue growth that was driven by positive traffic in the company's physical and digital channels. The analyst is keeping his Neutral rating however, noting that company will be lapping tough compares of 17% and 16% comps in Q4 and Q1 and also stating that the guide-down in Q4 margins suggests that Lululemon is "not immune to holiday pressures".
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