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Fly News Breaks for April 5, 2016
ULTA
Apr 5, 2016 | 07:37 EDT
Oppenheimer analyst Rupesh Parikh raised his price target for Ulta Beauty to $225 from $195, which represents more than 15% potential upside. The analyst is surprised by the "magnitude" of market share gains lately with results easily topping any bullish scenario. Parikh still sees "sufficient momentum" in the business to propel results above the Street forecasts and at least match underlying investor expectations in the shares. The analyst reiterates an Outperform rating on the stock.
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