Baird analyst Mark Altschwager said he is a buyer of lululemon on pullbacks following the release of updated FQ4 guidance. The analyst said the near-term setup remains tricky as growth decelerates and gross margin concerns linger. However, he sees current prices as an attractive entry point for long-term investors. Altschwager maintains his Outperform rating and $435 price target on lululemon shares.
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Published first on TheFly
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