UBS raises its price target on Lululemon (LULU) up to $88 from $80 on its view that gross...

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

UBS raises its price target on Lululemon (LULU) up to $88 from $80 on its view that gross margins will improve and the company is still one of the best growth stories in the group. Last week, with shares of LULU on fire, critics made a lot of hay out of the retailer's elevated inventory numbers.