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Fly News Breaks for November 30, 2015
ULTA
Nov 30, 2015 | 06:56 EDT
JPMorgan analyst Christopher Horvers raised his price target for ULTA Beauty to $215 ahead of the company's Q3 results on December 3. The analyst is optimistic on shares into the results given sequential acceleration in beauty company sales and "another strong quarter" for online traffic. He also remains remain positive on the long-term prospects for ULTA to double-to-triple its current market share. Horvers keeps an Overweight rating on the name.
News For 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.
