Information Provided By: 
Fly News Breaks for November 7, 2019
ULTA
Nov 7, 2019 | 17:14 EDT
Nomura Instinet analyst Michael Baker initiated coverage of Ulta Beauty with a Reduce rating and $215 price target. The analyst states that the stock is down significantly since reporting the last quarter as its business trends slowed more than expected, and he expects the company's growth to track with the slowdown in the industry. Baker anticipates Ulta Beauty to report below-trend comps, a more challenging margin forecast and potential earnings misses.
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.
