Lululemon (LULU) Higher on Positive Analyst Comments

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Shares of Lululemon Athletica Inc. (NASDAQ: LULU) are seeing upside action Thursday after Stifel Nicolaus made positive comments and raised its price target on the retailer of yoga-wear from $70 to $77.

The firm said checks showed momentum into spring with positive customer feedback on new styles and colors, limited clearance items and an effectively re-vamped website. They lifted FY12 EPS estimates from $1.55 to $1.65.

Stifel rates shares of LULU at 'Buy.'

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. are up 4.5 percent to $70 mid-day.

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