Lululemon price target raised to $450 from $430 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Lululemon to $450 from $430 and keeps an Outperform rating on the shares. Lululemon reported “impressive results” with another beat and raise despite difficult compares and a challenging environment, the analyst tells investors. Telsey remains encouraged that the company “continues to deliver strong results” while also investing in future growth opportunities.