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Raymond James analyst Rick Patel raised the investment agency’s target price on Lululemon (LULU.US) from $345 to $438 and maintained a “strong buy” rating on the stock. He told investors in a research report that he remains very optimistic about the third quarter results, which are scheduled to be announced after the close on December 8, and believes that the company’s fourth quarter results are off to a very good start. in this. . Rick Patel pointed out that his weekly survey of marketing channels found that Lululemon was not running as wide a range of promotions as other apparel brands and retailers in the third quarter of the calendar year, and so far in the fourth quarter.
Lululemon shares closed up 1.26% yesterday to $381.130.
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Responsible editor: Guo Mingyu
