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Fly News Breaks for May 9, 2016
ULTA
May 9, 2016 | 05:47 EDT
Raymond James analyst Joseph Altobello double downgraded Ulta Beauty to Market Perform from Strong Buy citing valuation following the stock's multiple expansion over the past three months. The analyst sees limited near-term upside in the shares.
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.
