Credit Suisse analyst Michael Binetti raised his price target on Lululemon to $105 from $98, telling investors in a research note that he is looking to understand the bear thesis after a "near-flawless" Q4. Binetti, who has an Outperform rating on shares, contended that Lululemon's Q4 results were "among the best in the sector in years," with above-Street EPS guidance for 2018 and accelerating same-store sales. While he said the stock will "most certainly" need to continue to surprise to the upside, the bear case assessment "doesn't sufficiently change" his positive view.