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Fly News Breaks for March 10, 2017
ULTA
Mar 10, 2017 | 08:44 EDT
Baird analyst Mark Altschwager said Ulta Beauty reported solid Q4 earnings capping off a strong finish to the year. While guidance was soft, especially against lofty expectations, Altschwager recommended investors buy the weakness as top-line trends remain robust and guidance is likely conservative. Altchwager reiterated his Outperform rating and $315 price target on Ulta Beauty shares.
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