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Fly News Breaks for May 27, 2016
ULTA
May 27, 2016 | 07:46 EDT
Baird analyst Mark Altschwager raised his price target on Ulta Beauty to $255 from $225 following standout Q1 results. The analyst sees robust demand, pristine management execution, and continued expansion of market share. Altschwager reiterated his Outperform rating 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.
