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Fly News Breaks for February 19, 2019
ULTA
Feb 19, 2019 | 08:01 EDT
Nomura Instinet analyst Simeon Siegel downgraded Ulta Beauty to Neutral from Buy while raising his price target for the shares to $311 from $305. The analyst still believes U;ta has one of the best stories in retail, but he thinks this is reflected in the shares post the recent rally. Ongoing comp strength is priced in at current share levels, Siegel tells investors in a research note.
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.
