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Fly News Breaks for October 23, 2019
ULTA
Oct 23, 2019 | 07:45 EDT
Cowen analyst Oliver Chen lowered his price target on Ulta Beauty to $300 from $313 based on his proprietary Beauty Bar survey data. The analyst believes weak cosmetics trends have likely persisted as innovation takes time. He lowered his Q3 comp estimates based on a bottom-up analysis of expected growth rates by category. Chen maintained his Outperform rating on Ulta Beauty 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.
