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Jeffries is reiterating a Hold on Lululemon Athletica (LULU) ahead of Thursday's FQ2 earnings...

Jeffries is reiterating a Hold on Lululemon Athletica (LULU) ahead of Thursday's FQ2 earnings report, but is lifting its PT and providing mostly positive earnings commentary. Jeffries sees Lulumemon delivering 20% same-store sales growth at constant currency, and expects operating margins to expand as "sell-through, FX, and leverage" offset cost inflation. (previously)
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