Canaccord Genuity maintains Hold on Lululemon Athletica Inc. (NASDAQ: LULU) price target of $75.00.

Analyst Camilo Lyon speculates that the CEO departure will unlikely impact business.. The analyst comments "Overall, we do not see Mr. Potdevin's departure as a major setback for LULU, although uncertainty will remain elevated until the CEO position is filled. While the company achieved significant operational improvement with him at the helm, we believe the strategic guidance provided by Advent played a far more meaningful role in LULU’s operational improvement. As such, we believe his departure is not likely to have a material impact on the company's prospects."

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Shares of Lululemon Athletica Inc. closed at $77.41 yesterday.