CORRECTION: Stifel Nicolaus Starts Lululemon Athletica (LULU) at Hold

May 20, 2008 9:14 AM EDT

Stifel Nicolaus initiates coverage on Lululemon Athletica (Nasdaq: LULU) with a Hold rating. Stifel Nicolaus said much of the good news is already built into Lululemon's stock price, but Stifel does like Lululemon's overall growth story. Stifel has a $37 price target on LULU.

lululemon athletica, inc. designs, manufactures, and distributes athletic apparel for women and men.


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