Lululemon price target raised to $525 from $500 at TD Cowen

TD Cowen raised the firm’s price target on Lululemon to $525 from $500 and keeps an Outperform rating on the shares. The analyst said we remain buyers with DTC/e-com reaching 43% of sales and Corporate Store Sales per foot approaching multi-year highs as International stores expand, which together suggest a bullish read for the International mix shift.