Lululemon price target raised to $435 from $430 at Baird

Baird analyst Mark Altschwager raised the firm’s price target on Lululemon to $435 from $430 and keeps an Outperform rating on the shares. The analyst said Q3 results were slightly ahead of consensus and Q4 sales/EPS guidance was in-line, with positive commentary on QTD trends. He continues to believe they are one of the companies in his coverage best positioned to sustain healthy sales/earnings growth in the current environment