BUZZ-Lululemon jumps after upgrade, price target boost

Mon Jan 4, 2016 10:44am EST
 
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** Lululemon Athletica shares up 4.9 pct and on pace for its biggest daily pct gain in a month

** Canadian yogawear retailer upgraded to "buy" at Jefferies with $70 price target; JPMorgan ups target to $66 from $55

** Jefferies cites significant margin recapture potential and global growth opportunities for upgrade

** Thomson Reuters data shows 23 of 38 analysts with at least a "buy" rating equivalent or higher, current median price target is $59 per share

** StarMine intrinsic value for stock stands at $32.15

** PE for next twelve months stands at 25, above peer median of 22.8 but below Under Armour's 59.4 and Nike's 26.4