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Fly News Breaks for March 15, 2019
ULTA
Mar 15, 2019 | 09:08 EDT
Jefferies analyst Stephanie Wissink raised her price target for Ulta Beauty to $357 from $335 saying the company's Q4 sales and earnings beats "were needed" and "validated a defensibility belief that was getting lost in the quarterly comp vs margin debate." The company's growth sustainability supports a higher multiple, Wissink tells investors in a post-earnings research note. She keeps a Buy rating on Ulta Beauty.
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.
