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Fly News Breaks for March 16, 2018
ULTA
Mar 16, 2018 | 05:00 EDT
Jefferies analyst Stephanie Wissink added Ulta Beauty to her firm's Franchise Pick List following the company's Q4 results. The results should quiet concerns about comp and margin, Wissink tells investors in a research note. The analyst lowered her price target for Ulta shares to $260 from $300 and keeps a Buy rating on the name.
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.
