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Fly News Breaks for August 23, 2016
ULTA
Aug 23, 2016 | 10:15 EDT
Wolfe Research raised Ulta Beauty estimates ahead of Thursday's earnings report and raised its price target to $326 saying the Beauty segment continues to be the fastest growing segment in retail. The firm's analyst highlights strong same-store-sales form an improved product mix and leading CRM capabilities, and notes loyalty members have accelerated, making the customer base sticky.
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