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BMO starts Lululemon coverage with Underperform rating and $70 target

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  • BMO Capital Markets initiated coverage of Lululemon Athletica with an Underperform rating.
  • Lululemon Athletica recorded a 4% revenue decline in Q2.
  • The company’s full-year forecast was reduced following the quarterly decline.
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BMO starts Lululemon coverage with Underperform rating and $70 target - CoinPost Terminal