Merriman Capital Initiates Coverage of TIF, LULU, and WSM

Merriman Capital initiated its coverage of Tiffany (NYSE:

) with a Neutral rating, Lululemon (NASDAQ:

) with a Buy rating, and Williams-Sonoma (NYSE:

) with a Buy rating. On Wednesday, LULU lost 2.96% of its value to finish the day at $61. Its shares continued to slide in today's pre-market trading, falling 0.69% to stand around $60.58. At the same time, WSM lost 3.95% of its value to finish the day at $37.45.