Auriga Reiterates a 'Buy' on Lululemon Athletica Inc. (LULU); Analyst Meeting Highlights

Auriga reiterates a 'Buy' on Lululemon Athletica Inc. (NASDAQ: LULU) price target of $86.00.

Analyst, Claire Gallacher, said, "LULU’s investor day was well attended as the company discussed its dual brand strategy and continued opportunities for growth. We believe the discussion surrounding international growth was the highlight given the infancy of the program and excitement surrounding the entry to new markets. We believe the focus of investors shifted to the next avenues of growth rather than inquiring about the sustainability of the brand. We believe LULU remains a unique growth story."

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 $73.06 yesterday.

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