BofA/Merrill Lynch raised its price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $75.00 (from $70.00) while maintaining a Buy rating, following store checks for Black Friday.

Analyst Rafe Jadrosich notes a positive outlook on the shares, following channel checks on Black Friday pointing to healthy traffic, highlighted by crowded stores and registers across locations in New Jersey, Westchester, New York City and Florida.