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Fly News Breaks for March 15, 2019
ULTA
Mar 15, 2019 | 07:59 EDT
Baird analyst Mark Altschwager maintained an Outperform rating on Ulta Beauty and raised his price target to $365 from $325 following the company's Q4 earnings release. The analyst noted that FY19 guidance straddled the consensus, and said "the quarter demonstrated the virtues and durability of Ulta's best-in-class omnichannel model and provided greater confidence in the growth trajectory ahead".
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.
