Brean Capital Initiates Lululemon Athletica At Buy

Analysts at Brean Capital initiated coverage on shares of Lululemon Athletica LULU with a Buy rating. The target price for Lululemon Athletica is set to $50. Lululemon Athletica shares have dropped 43.72% over the past 52 weeks, while the S&P 500 index has surged 9.99% in the same period. Lululemon Athletica's shares closed at $40.85 in after-hours trading.