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Fly News Breaks for October 10, 2019
ELF
Oct 10, 2019 | 08:33 EDT
Jefferies analyst Stephanie Wissink raised her second half of the year estimates for e.l.f. Beauty to reflect "strong consumption patterns" in the most recent Nielsen update, incremental space gains in previews of Spring 2020 floorsets, and a brand equity rebound in her firm's proprietary survey. The analyst now has confidence in a trackline for e.l.f. Beauty toward doube-digit growth. She boosted her price target for the shares to $20.25 from $19 and keeps a Buy rating on the name.
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