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Fly News Breaks for July 10, 2019
ELF
Jul 10, 2019 | 08:48 EDT
Jefferies analyst Stephanie Wissink raised her price target for e.l.f. Beauty to $18 from $14 saying June quarter tracked data exceeded expectations. June quarter tracked data pacing up 9% challenges the company's "conservative guideposts," Wissink tells investors in a research note. She believes e.l.f.'s merchandising strategies are working and that its momentum supports future space gains. The analyst increased her estimates and keeps a Buy rating on the shares.
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