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Fly News Breaks for April 18, 2019
ULTA
Apr 18, 2019 | 07:54 EDT
Baird analyst Mark Altschwager raised his price target for Ulta Beauty to $395 from $365 after speaking with the company's management, telling investors in a research note that he remains encouraged by momentum behind recent brand launches, while his quarter-to-date promotional checks suggest healthy traffic levels have continued despite a generally sluggish traffic environment. He maintains an Outperform rating on the 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.
