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Fly News Breaks for November 12, 2019
ULTA
Nov 12, 2019 | 21:19 EDT
Barclays analyst Adrienne Yih initiated coverage of Ulta Beauty with an Equal Weight rating and $251 price target. The analyst is concerned with the company's slowing comp growth and the overall slowdown in the mass market for beauty, but also has a positive view on its position in the specialty-multi distribution network and its "under-penetrated market presence".
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