December 14, 2017 / 2:11 PM / 8 months ago

BUZZ-Lululemon: Deutsche Bank upgrades to 'buy'

** Lululemon shares up ~2 pct $75.65 premarket, set to open at 15-month high after Deutsche Bank upgrades stock to buy, raises PT to $83 from $72

** DB expects LULU to beat Q4 expectations on “robust” same store sales

** LULU beat analysts expectations for Q4 last week, fueled by double-digit growth in online traffic, triggering >15 PT raises

** Analysts see strong online sales from new website and growth in store traffic to continue into Q4 and beyond, positive about 18 pct growth in comparable sales in men’s apparel and international potential

** LULU has beaten profit estimates for past 3 quarters

** 18 of 33 analysts rate stock buy, 14 hold and 1 sell; median PT $75

** Up to Wednesday’s close, stock had risen 14.2 pct YTD (Reporting by Taenaz Shakir in Bengaluru)

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