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Ulta Beauty price target raised to $270 after investor day at Stifel. After attending Ulta's biennial investor day, Stifel analyst Mark Astrachan said he views the company's updated FY18 and longer-term guidance as broadly in-line with expectations, but also notes the deceleration in anticipated annual store openings relative to recent years. He attributes the stock's positive reaction to the event in part to the announcement that Kim Kardashian's KKW Fragrance will be entering Ulta in late November as well as updates on the launch of Kylie Cosmetics. He raised his price target on Ulta shares to $270 from $235 following the event, citing what he views as "derisked comp and store targets" in the out years along with multiple expansion in line with retailer peers. Astrachan, who said he would be more constructive on shares following a pullback, keeps a Hold rating on Ulta.

Ulta Beauty price target raised to $335 from $280 at Jefferies. Jefferies analyst Stephanie Wissink raised her price target for Ulta Beauty to $335 and keeps a Buy rating on the shares. The tone as the company's analyst was upbeat, with a "distinct overlay of a model transitioning from hyper growth to managed growth and investment," Wissink tells investors in a research note. While the cost of business is going up, the three-year guidance implies $15 in fiscal 2021 earnings per share is plausible, says the analyst.

Ulta Beauty price target raised to $336 from $278 at Wells Fargo. Wells Fargo analyst Ike Boruchow raised his price target for Ulta Beauty to $336 and reiterates an Outperform rating on the shares, but no longer considers the company a top pick with the stock up 60% from the 2018 lows. Ulta is now more of a "grind higher" story from here, Boruchow tells investors in a research note. He keeps an Outperform rating on Ulta Beauty.

Ulta Beauty price target raised to $300 from $280 at Loop Capital. Loop Capital analyst Anthony Chukumba raised his price target on Ulta Beauty to $300, saying he has added confidence in the company's long-term growth prospects after its Analyst and Investor Conference. The analyst cites the management focus on "meeting the needs of its core 'beauty enthusiast' customers and maximizing gross margin dollars per square foot. Chukumba is also positive on the company's forecast of comps and earnings growth remaining in "mid- to high-single-digit and mid- to high-teens percentage" respectively for the next few years, but keeps a Hold rating on Ulta Beauty given its "appropriate" valuation.

Ulta Beauty price target raised to $312 from $286 at Piper Jaffray. Piper Jaffray analyst Erinn Murphy raised her price target for Ulta Beauty to $312 form $286 after the company, in conjunction with its Analyst Day, preannounced Q3 same-store sales of 7.8%-plus and guided Q3 EPS to the high end of prior guidance for $2.11-$2.16. The analyst reiterates an Overweight rating on the shares.