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Jim Cramer on Lululemon Athletica Inc. (LULU): 'If You're Willing To Pay Up For Quality, But You're Still Somewhat Cost-conscious, They Got You Covered'
Jianyin International: Maintains Shenzhou International Group Holdings Limited Unsponsored ADR "Outperform Market" rating, Target Price lowered to HKD 83.
Jianyin International has released a research report stating that it maintains a "buy" rating for Shenzhou International Group Holdings Limited Unsponsored ADR (02313), while reducing its profit forecasts for the company for the next two years by 3% and 5%, respectively, to reflect a slowdown in gross margin expansion. The Target Price has been lowered from 107 Hong Kong dollars to 83 Hong Kong dollars. As for next year, the bank expects an 11% increase in orders, with average selling prices expected to turn positive due to rising costs. The expectation is for a significant gross margin expansion in the second half of next year, with an annual profit growth of 13%. The bank stated that it reaffirms Shenzhou International as the main beneficiary of restocking by international brands in the second half of the year, anticipating an 8% increase in revenue for Shenzhou in the second half, primarily due to...
UBS Says 'Underweight the Names With High China Exposure'
What's Going On With Lululemon (LULU) Stock?
Jefferies Maintains Lululemon Athletica(LULU.US) With Sell Rating, Maintains Target Price $220
Retail Veteran Venki Krishnababu Joins Dutch Bros Coffee as Chief Technology and Information Officer