SunTrust analyst Pamela Quintilliano raised her price target on Lululemon (LULU) to $114 and kept her Buy rating as part of her broader research note on Specialty Retail sector. The analyst notes that the adverse weather factors are being overlooked by investors in this market-outperforming space as macro trends appear to be benefiting the consumer. For Lululemon, Quintilliano notes that its inventory to sales ratio at the end of Q4 was among the lowest in the peer group, and that despite the stock's valuation premium of 31.7-times forward PE vs. 25-times historic average, she expects the momentum in the sales of the company's products to benefit its shares. The analyst also favors Buy-rated Chico's FAS (CHS) on its cost-cutting initiatives and operating efficiencies, as well as Urban Outfitters (URBN) based on its "impressive intra-quarter trends" and well controlled promotions. Quintilliano raises her price target on the latter to $47 from $42.