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Fly News Breaks for June 5, 2018
ULTA
Jun 5, 2018 | 06:49 EDT
As previously reported, Goldman downgraded Ulta Beauty to Neutral from Buy and raised its price target to $272 from $241. Analyst Matthew Fassler said shares have recently recovered, but sales momentum continues to moderate following a deceleration for six consecutive quarters in same-store-sales. Fassler also believes moderating growth in loyalty members per store is a potential indicator of maturation.
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.
