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Fly News Breaks for August 9, 2017
ULTA, EL
Aug 9, 2017 | 07:31 EDT
Oppenheimer analyst Rupesh Parikh raised his price target for Estee Lauder (EL) to $110 from $100 as he still sees the potential for outperformance. Accelerating momentum in key international markets, strong performance of recent acquisitions, strengthening partnerships with Ulta Beauty (ULTA) and Sephora, and the potential for an improved earnings backdrop in 2018 and 2019 could drive further upside in shares, he contends. The analyst reiterates an Outperform rating on Estee Lauder's shares and says he continues to rank it as his top pick across his coverage universe.
News For EL;ULTA From the Last 2 Days
ULTA
Apr 24, 2024 | 06:44 EDT
Wells Fargo lowered the firm's price target on Ulta Beauty to $350 from $450 and keeps an Underweight rating on the shares. The category is slowing faster than anticipated as the competitive backdrop has become more challenging, the firm says. Margins will likely continue to erode as the need to invest accelerates, Wells adds.