Wolfe Research Starts Lululemon Athletica Inc. (LULU) at Peerperform

Wolfe Research initiates coverage on Lululemon Athletica Inc. (NASDAQ: LULU) with a Peerperform rating and a price target of $65.00.

Analyst Adrienne Yih Tennant commented, "We commend LULU for managing its way back from a sheer luon crisis, public relations snafus, and a C-level management transition; however we note: 1) potential margin pressure from shift in merchandise strategy; 2) deleverage on higher fixed costs; 3) threat of new entrants; and 4) valuation which is priced for “beat and raise” EPS."

For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.

Shares of Lululemon Athletica Inc. closed at $65.17 yesterday.

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