UBS reiterates a Buy rating on Lululemon (LULU -0.4%), while trimming its price target to $86...

|About: Lululemon Athletica Inc. (LULU)|By:, SA News Editor

UBS reiterates a Buy rating on Lululemon (LULU -0.4%), while trimming its price target to $86 from $91. Analyst Roxanne Meyer says the company is one step ahead of rivals with its ability to focus on innovation. Though valuations are high and the stock gets tagged as a momo favorite, so far Lululemon still has the brand cachet that other retailers breaking into the yoga market have failed to capture.