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Fly News Breaks for April 10, 2018
ULTA
Apr 10, 2018 | 05:04 EDT
Piper Jaffray analyst Erinn Murphy upgraded Ulta Beauty to Overweight and raised her price target for the shares to $236 from $212. In Piper's 35th semi-annual teens survey, which includes 6,000 teens across 40 states with an average age of 16, Ulta Beauty overtook Sephora as the top brand for average-income teens, Murphy tells investors in a research note. The analyst notes that Ulta's loyalty share is also trending upward. Murphy views the survey as positive for beauty spending.
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.
