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Fly News Breaks for November 9, 2018
ULTA
Nov 9, 2018 | 08:43 EDT
Jefferies analyst Stephanie Wissink raised her price target for Ulta Beauty to $335 and keeps a Buy rating on the shares. The tone as the company's analyst was upbeat, with a "distinct overlay of a model transitioning from hyper growth to managed growth and investment," Wissink tells investors in a research note. While the cost of business is going up, the three-year guidance implies $15 in fiscal 2021 earnings per share is plausible, says the analyst.
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.
