Lululemon price target raised to $480 from $430 at Barclays

Barclays analyst Adrienne Yih raised the firm’s price target on Lululemon to $480 from $430 and keeps an Overweight rating on the shares. The company posted a strong Q2 report with a solid beat across the board, the analyst tells investors in a research note. The firm says guidance for the full year was raised above prior consensus and now implies 20% earnings growth at the mid-point.