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

|About: Lululemon Athletica Inc. (LULU)|By:, SA News Editor

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)