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Fly News Breaks for May 27, 2016
ULTA
May 27, 2016 | 06:52 EDT
Piper Jaffray analyst Stephanie Wissink raised his price target for Ulta Beauty to $235 saying the company's better than expected Q1 results show its "persistent momentum and a pronounced consumer shift toward specialty beauty environments." The analyst keeps an Overweight rating on 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.
