Sterne Agee Raises Estimates on Lululemon Athletica (LULU); Long-Term Strategy Intact

September 10, 2012 8:13 AM EDT
Get Alerts LULU Hot Sheet
Price: $68.50 --0%

Rating Summary:
    23 Buy, 13 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 31 | New: 34
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Sterne Agee maintains a 'Buy' on Lululemon Athletica Inc. (NASDAQ: LULU) price target of $85.00.

Analyst, Sam Poser, said, "We would be buyers of LULU. Strong Same-Store Sales, improved tax rate, systems improvements, and DD store growth for the foreseeable future are the primary catalysts. Raising '12 &'13 EPS estimates from $1.60/$2.23 to $1.84/$2.34."

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 $77.14 yesterday.

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