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Fly News Breaks for December 7, 2018
ULTA
Dec 7, 2018 | 08:01 EDT
UBS analyst Michael Goldsmith raised his price target on Ulta Beauty to $335 from $315 following Q3 results. He believes the miss in gross margins was due to the longer than expected and more intense clearance event. Looking ahead, he believes margins should be sturdier and the company noted a more stable promotional environment. Goldsmith reiterated his Buy rating on Ulta Beauty shares.
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.
