SunTrust Reiterates Buy On lululemon Shares Following Visit To New Lab Store

Lululemon Athletica inc. LULU recently opened a lab concept store in New York City. SunTrust’s Pamela Quintiliano maintained a Buy rating for the company, with a price target of $83. The analyst commented that the tour of the store was impressive and that it represented the company’s “commitment to remaining a leader in the athletic space.”

Analyst Pamela Quintiliano wrote about a recent tour of newly-opened lab concept store in NYC. The tour included meetings with CFO Stuart Haselden, SVP of Operations Christopher Tham, VP Design and Merchandising Operations Helena Kaylin, Concept Director Global Labs Pascale Guercague and General Manager Tamara Johnson.

“We were extremely impressed with the Lab talent, the consistent traffic (esp. for a Mon), and the unique design and innovation on display- which embodies LULU’s commitment to remaining a leader in the athletic space,” Quintiliano said. She added that the lab store embodied Lululemon’s heritage of innovation.