Lululemon price target raised by $70 at Telsey Advisory, here’s why

Telsey Advisory raised the firm’s price target on Lululemon to $520 from $450 and keeps an Outperform rating on the shares after the company delivered a beat and raise “again” in Q3 despite a choppy macro environment. Lululemon “continues to churn out impressive results” and third quarter results bested expectations across the board similar to the past two quarters, the analyst said.