UPDATE: D.A. Davidson Lowers PT on Lululemon Athletica, Says Company Will Correct Execution Issues

In a report published Monday, D.A. Davidson & Co. analyst Andrew Burns reiterated a Buy rating on Lululemon Athletica, Inc. (NASDAQ: LULU ), dropping its price target from $73.00 to $64.00. According to the report, the reiteration and price target drop is based on 25x the analysts revised 2015