Fly News Breaks for March 6, 2015
LULU
Mar 6, 2015 | 06:08 EDT
Goldman downgraded lululemon to Sell and said valuation reflects unrealistic growth assumptions. The firm said competition is more intense and the pace of growth going forward will moderate. Goldman's analyst believes investments will be needed to drive momentum but will limit margin expansion and Canadian dollar devaluation will have a further negative margin impact. Price target remains $52.
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