Nomura backs global growth story at Lululemon

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

Nomura Securities is in with a reiterated Buy rating on Lululemon (LULU) after digesting the retailer's earnings report.

The investment firm liked what it heard from LULU execs on the global brand rollout during the earnings call yesterday (CC highlights).

Shares of LULU rallied hard during the call as an aggressive tone on global growth was struck.