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Fly News Breaks for December 2, 2016
ULTA
Dec 2, 2016 | 07:18 EDT
Oppenheimer analyst Rupesh Parikh looks "quite favorably" upon Ulta Beauty's Q3 results and upbeat guidance. The analyst believes the company's management team continues to execute "flawlessly" in capitalizing on strong beauty trends. He says Ulta Beauty remains a top pick for him, and reiterates an Outperform rating and $300 price target 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.
