Fly News Breaks for January 27, 2020
Jan 27, 2020 | 07:03 EDT
Jefferies analyst Stephanie Wissink upgraded e.l.f. Beauty to Buy from Hold with a $20 price target. The stock is down 25% from its multi-year high of $19.96 that was reached on November 7, Wissink tells investors in a research note. The weakness stemmed from industry point-of-sales data which created sentiment concerns given e.l.f.'s "recent history with inconsistent outcomes," Wissink contends. However, she believes the trends in tracked channels will reverse in the next few dataset releases and feels the company's remand remains robust.
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