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Fly News Breaks for May 27, 2016
ULTA
May 27, 2016 | 07:51 EDT
Oppenheimer analyst Rupesh Parikh raised his price target for Ulta Beauty to $260 from $235 following the company's quarterly results. The analyst believes the company continues to "excel" in all aspects of the business and the department store challenges may be one factor contributing to the recent acceleration. Oppenheimer has an Outperform 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.
