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Fly News Breaks for March 9, 2017
ULTA
Mar 9, 2017 | 16:59 EDT
Loop Capital analyst Anthony Chukumba, who maintained a Hold rating and $285 price target on Ulta Beauty shares, believes that Ulta Beauty "impressed once again" with its Q4 results, including another straight quarter of almost 17% comparable sales growth, "strong" operating margin expansion, and a "comfortable" bottom-line beat. While Chukumba noted that FY17 diluted EPS guidance was a bit worse than expected, he reminds investors of the company's track record of "underpromising and overdelivering."
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