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Fly News Breaks for March 15, 2019
ULTA
Mar 15, 2019 | 07:49 EDT
Credit Suisse analyst Michael Binetti raised his estimates for Ulta Beauty and increased his price target on the stock to $380 after the company's Q4 report, noting that this was the first time since Q2 of FY17 that its same-store sales growth and gross margins both beat plan. The analyst, who also contends that the company's margin guidance looks beatable, keeps an Outperform rating on Ulta shares.