D.A. Davidson Upgrade Lululemon Athletica, Encouraged By Accelerated Growth Trajectory

In a report published Tuesday, D.A. Davidson analyst Andrew Burns upgraded Lululemon Athletica (NASDAQ: LULU ) to Buy from Neutral, raising its price target from $67.00 to $73.00. According to the report, the price target rise is based on 25x the analysts 2015 estimate. We are raising our valuation