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Lululemon Holding On To Notable Gain In Late-Day Trading

After seeing initial strength, shares of Lululemon (LULU) have given back some ground but remain notably higher in late-day trading on Monday. Lululemon is currently up by 1.1 percent after reaching a record intraday high.

The initial jump by Lululemon came after Wells Fargo upgraded its rating on the athletic apparel maker's stock to Outperform from Market Perform.

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