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U.S. equities slipped as August payrolls of 162,000, far above the 55,000 consensus, pushed traders toward a higher Fed-rate path. Chips outperformed while software, retail, gold and bitcoin weakened.
Morgan Stanley cut its price target on lululemon to $83.00 per share from $93.00, according to ratings actions reported by Benzinga via TradingView News.
Morgan Stanley maintained Lululemon Athletica Inc. at Underweight and cut its price target to $83.00 per share from $93.00.