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Fly News Breaks for June 5, 2019
ELF
Jun 5, 2019 | 07:44 EDT
As previously reported, Morgan Stanley analyst Dara Mohsenian upgraded e.l.f. Beauty to Neutral from Underweight, stating that he views valuation as more reasonable following the 53% drop in the stock over the last year. He also noted that e.l.f. Beauty gave FY20 EPS guidance that he views as overly conservative in light of a recent rebound in U.S. scanner data. Mohsenian raised his price target on e.l.f. shares to $10.50 from $6.00.
News For ELF From the Last 2 Days
ELF
Apr 17, 2024 | 16:32 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
ELF
Apr 17, 2024 | 11:59 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
ELF
Apr 17, 2024 | 09:43 EDT
ELF
Apr 17, 2024 | 06:59 EDT
TD Cowen analyst Oliver Chen upgraded e.l.f. Beauty to Buy from Hold with a price target of $190, down from $220. The analyst sees potential for e.l.f. to double its business by fiscal 2027 with shelf space and international expansion as the driving forces. The firm sees the company's new product innovations boosting overall growth at key franchises like Halo and Putty. It calls e.l.f. a "structural growth story with robust growth drivers" and expects the stock's valuation multiple to re-rate higher.
