lululemon (LULU) Shares Higher as ThinkEquity Upgrades to Buy

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Shares of lululemon athletica (NASDAQ: LULU) are trading nearly 0.7% higher this morning as an analyst at ThinkEquity upgraded the stock from Hold to Buy earlier. The firm boosted its price target on the apparel company's stock from $70 to $86.

lulu shares last traded at $77 even. The firm's new price target implies potential upside of about 12% from where the stock is trading today.

For more ratings news on Lululemon Athletica Inc. click here and for the rating history of Lululemon Athletica Inc. click here.

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