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

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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, with a 52 week range of $41.70-$81.09.

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