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Fly News Breaks for October 22, 2019
ULTA
Oct 22, 2019 | 07:28 EDT
Guggenheim analyst Steven Forbes says the recent pullback in shares of Ulta Beauty has "created an especially compelling entry point." The analyst, however, lowered his estimates after hosting investor meetings with management. He also brought down his price target to $300 from $325 while keeping a Buy rating on the shares. Though growth within the beauty and personal care industry is being dampened by the lack of innovation within cosmetics, Ulta should remain a double-digit earnings grower, Forbes tells investors in a research note.
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.
