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Fly News Breaks for January 14, 2020
LULU
Jan 14, 2020 | 07:43 EDT
Cowen analyst John Kernan raised his price target on Lululemon to $270 from $250 as he sees a path to a $40B market cap. He believes the Street estimates of low double-digit same store sales and +50bps of EBIT expansion look too conservative. Kernan reiterated his Outperform rating on Lululemon shares.
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