Telsey Upgrades Lululemon To Outperform

Analysts at Telsey upgraded Lululemon Athletica LULU from Market Perform to Outperform. The price target for Lululemon has been raised from $45 to $60. Lululemon shares have dropped 13.92% over the past 52 weeks, while the S&P 500 index has gained 14.65% in the same period. Lululemon's shares jumped 9.11% to close at $50.96 yesterday.