Susquehanna analyst Sam Poser raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $222.00 (from $210.00) while maintaining a Positive rating.

The analyst commented, "Buy LULU. Exceptional 2Q19 results further demonstrate that LULU is the premiere retailer in our (and likely any) coverage universe and is deserved of a premium valuation. FY19 guidance was raised and there are no signs of any deceleration in the momentum. Best-in-class execution and customer engagement (including a new loyalty program) and innovative product offerings should continue to drive top-tier results. LULU's PEP (product, engagement, process) is firing on all cylinders."