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Fly News Breaks for November 2, 2018
ULTA
Nov 2, 2018 | 07:26 EDT
Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating and $340 price target on Ulta Beauty ahead of the company's Analyst Day on November 8, telling investors that he remains "upbeat" given prospects this holiday season and beyond, and would take advantage of a likely volatile trade. Parikh expects a largely in-line Q3 and sees less upside similar to Q2. During the Analyst Day, the analyst believes Ulta's management could formally introduce guidance for mid-to-high teens EPS growth on average in FY19 and FY20.
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.
