Lululemon Athletica Inc. (LULU) PT Raised to $75 at Stifel on 3Q Report; 'Core Franchises Help Overcome Traffic Challenges'

Stifel raised its price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $75.00 (from $66.00) while maintaining a Hold rating, following the company's third quarter earnings report.

Analyst Jim Duffy notes a positive outlook on the shares, as the company reported third quarter earnings per share and revenue results above consensus projections fueled by better than expected gross margins, strengthening of brand momentum and acceleration in e-commerce.

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