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Fly News Breaks for January 8, 2016
M, ULTA
Jan 8, 2016 | 07:56 EDT
After Macy's (M) announced that it planned to close a number of stores, Oppenheimer expects Ulta's (ULTA) business to be boosted by Macy's move. The firm continues to identify Ulta as a top pick and keeps a $195 price target and Outperform rating on the shares.