Lululemon price target raised to $440 from $400 at Guggenheim

Guggenheim raised the firm’s price target on Lululemon to $440 from $400 and keeps a Buy rating on the shares following the company’s Q4 beat. Guggenheim continue to believe that China holds significant growth potential for Lululemon as the region reopens. The firm also believes demand for Lululemon’s merchandise, along with its brand, remains "healthy and strong" as competitive pressures from emerging athletic brands are overestimated.