Lululemon to close Ivivva stores during online push, profit beats
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Lululemon Athletica Inc. (LULU) PT Raised to $49 at BofA/Merrill Lynch Following 1Q Beat
June 2, 2017 9:44 AM EDTBofA/Merrill Lynch raised its price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $49.00 (from $46.00) while maintaining a Underperform rating. LULU reported adjusted 1Q17 EPS of $0.32, ahead of forecasts of $0.27. LULU will be restructuring ivivva including closing 40 out of 55 stores and converting another... More
