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Fly News Breaks for March 11, 2016
ULTA
Mar 11, 2016 | 07:59 EDT
Baird said they remain buyers of Ulta Beauty following Q4 results they called impressive. The firm believes the stock's premium valuation remains justified as the company expands its physical footprint, increases its brand awareness and wins incremental distribution. Baird reiterated its Outperform rating and raised its price target to $215 from $210 on Ulta shares.
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