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Fly News Breaks for April 26, 2019
ULTA
Apr 26, 2019 | 07:01 EDT
Oppenheimer analyst Rupesh Parikh tells investors in a research note that Ulta Beauty continues to rank as a top pick. After revisiting his investment thesis, he raised his price target to $400 based on valuation more consistent with historical averages and reiterated an Outperform rating. Separately, the analyst expects Ulta to deliver Q1 results consistent with consensus forecasts in an otherwise challenging U.S. beauty backdrop.
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.
