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Fly News Breaks for December 16, 2016
ULTA
Dec 16, 2016 | 09:12 EDT
As noted earlier, BMO Capital started coverage of Ulta Salon with an Outperform rating and a $295 price target. The analyst thinks that the company's "unmatched combination of favorable industry dynamics, target demographics, category growth of around 5%, near-term defensive moats, brick and mortar white space, and strong management team will continue to support the stock's premium." She believes that the company's mature stores will grow quickly enough to meet the company's long-term 20%+ EPS growth target.
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.
