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Wedbush downgrades Lululemon (LULU) to Neutral from Outperform and slaps a $75 price target on...

Wedbush downgrades Lululemon (LULU) to Neutral from Outperform and slaps a $75 price target on shares. An internal survey conducted by the firm indicates the retailer's market share is slipping. LULU -2.1%.
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Comments (1)
  • imac007
    , contributor
    Comments (589) | Send Message
     
    I question vague reasons like "internal survey", or "industry sources" or "supply chain sources."
    Are they talking to store clerks, the guys on the loading dock or what? Or did they poll their steno pool?
    Smacks of rumor mill manipulation. This is what I would expect of short sellers.
    3 May 2013, 09:49 AM Reply Like
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