Sterne Agee CRT Remains Bullish on lululemon athletica (LULU) Following ICR Xchange Conference

Sterne Agee CRT reiterated a Buy rating and $68.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) after meeting with management at ICR Xchange Conference. After multiple years of management reshuffling, it appears that a cohesive team is set at LULU. Importantly, most of the members of the team are new. No legacy issues are on the horizon, and everyone seems to be on the same page.

Analyst Sam Poser commented, "The company is moving in the right direction. Corporate reshuffling and product issues are in the rear view mirror. Strong SSS at full price selling is indicative that the product is right and the customers continue to the like it. The general focus going forward will be on product innovation, and the specific focus for Spring '16 will be on women's tops. The company has a great deal of margin recovery ahead, which will be laid out in more detail when LULU reports 4Q result in March."

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 $55.97 yesterday.

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