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Fly News Breaks for April 19, 2018
ULTA
Apr 19, 2018 | 08:35 EDT
Jefferies analyst Stephanie Wissink says she has stronger conviction in Ulta Beauty's continued and emerging drivers of growth following meetings with management. The analyst is "intrigued" by Ulta's "increasingly dynamic conversion mechanism led by brand portfolio breadth." Near field execution opportunities imply comp upside is possible, Wissink tells investors in a research note. The analyst keeps a Buy rating on Ulta Beauty with a $260 price target.
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.
