JPMorgan analyst Matthew Boss raised the firm’s price target on Lululemon to $531 from $500 and keeps an Overweight rating on the shares. The firm’s work points to an “in-line to above-plan” holiday for department stores and specialty softlines, with 90% of companies in its coverage universe tracking to “meet or beat” current Q4 Street consensus same-store-sales estimates, the analyst tells investors in a research note.
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