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Lucy Nieves

Cowen Stretches Lululemon's Target To $175 Following Strong Q2 Earnings

Lululemon Athletica LULU 0.91% demonstrated strong momentum in Q2, in light of improved product assortment and a new guest acquisition for online and in-store sales.

Cowen analyst John Kernan maintained an Outperform rating and raised the price target from $137 to $175. Source

Stochastic are oversold, so the price may go down and close the gap.

Upside starts to lose it's force. 

$LULU, lululemon athletica inc. / D

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