Lululemon price target raised to $445 from $430 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Lululemon (LULU) to $445 from $430 and keeps an Outperform rating on the shares. The firm remains encouraged by the company’s guidance raise following its strong holiday period, the analyst tells investors. Additionally, guest retention remains high, and the membership program continues to grow, which creates an opportunity for greater revenue per guest, the firm adds.