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Fly News Breaks for May 24, 2016
ULTA
May 24, 2016 | 07:46 EDT
Baird analyst Mark Altschwager anticipates Ulta Beauty will report strong Q1 results, with comps at least in-line with expectations. The analyst noted Q1 trends remained solid and sees a visible path to 20%+ earnings growth. Altschwager expects the shares to continue to outperform and thus reiterated his Outperform rating and raised his price target to $225 from $215 on Ulta Beauty 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.
