UPDATE: Oppenheimer Upgrades lululemon to Outperform, Raises Target to $63

Anna Andreeva, analyst at Oppenheimer, on Tuesday upgraded luluemon athletica inc. (NASDAQ: LULU ) from Market Perform to Outperform and raised the price target from $53 to $63. Andreeva highlighted her belief there will be levers which will help push profit and sales growth higher, "driven by double-digit square foot