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Fly News Breaks for May 26, 2017
ULTA
May 26, 2017 | 06:08 EDT
Piper Jaffray analyst Erinn Murphy raised her price target for Ulta Beauty to $333 citing the company's "strong" Q1 results. Ulta's comp growth of 14.3% reflects "strong consumer response to the concept, brand mix and marketing," which is unlikely to change in the near term, Murphy tells investors in a research note. She keeps an Overweight rating 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.
