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Fly News Breaks for May 15, 2018
ULTA
May 15, 2018 | 07:38 EDT
As previously reported, Oppenheimer analyst Rupesh Parikh upgraded Ulta Beauty to Outperform from Perform as he still sees the potential for more gains and outperformance from current levels. As he looks at the setup, the analyst believes the elements for a continued move higher are in place, driven by his expectations for stabilizing/improving comp growth, easier comparisons, and the potential for management initiatives to drive strong underlying EPS growth. Parikh also raised his price target on the shares to $280 from $220.
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