Erste Group analyst Hans Engel resumed coverage of Lululemon (LULU) with a Buy rating after having had the stock Under Review. Sales growth, operating margin and return on equity are higher than competitors and the stock is “reasonably valued,” says the analyst, who sees “further upside potential” for Lululemon.
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Read More on LULU:
- Lululemon price target raised, added to ‘Top 5 Outperforms List’ at Evercore ISI
- Lululemon files to sell 5.12M shares of common stock
- Lululemon price target raised to $420 from $400 at KeyBanc
- Lululemon price target raised to $437 from $428 at JPMorgan
- Lululemon price target raised to $411 from $378 at Barclays
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