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Fly News Breaks for April 10, 2017
ULTA
Apr 10, 2017 | 05:32 EDT
Loop Capital analyst Anthony Chukumba upgraded Ulta Beauty to Buy and raised his price target for the shares to $350 from $285. Ulta is the most compelling fundamental story in retail today, the analyst tells investors in a research note. Chukumba feels the struggles of high-end department stores plays right into the company's hands. He also thinks Ulta is overdue for a stock split.
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.
