Popular athleisure retailer Lululemon (LULU) is gearing up to release its earning results today after market close.Ahead of this key report, RBC Capital analyst Kate Fitzsimons has reiterated her LULU buy rating, while bumping up the price target from $348 to $435.She cited the company’s recent acquisition of fitness hardware startup Mirror for $500 million, which closed in July, writing: “While expensive, we believe rightly so given LULU’s sweet spot of category momentum, customer loyalty, and an expanding TAM [total addressable market] now inclusive of MIRROR.”Into the print, the analyst raised her 2Q EPS estimates on LULU to $0.57, based …read more
Source:: Yahoo Finance
