Fly News Breaks for February 4, 2020
Feb 4, 2020 | 06:03 EDT
Piper Sandler analyst Erinn Murphy upgraded e.l.f. Beauty to Overweight from Neutral with an unchanged price target of $19. The analyst believes the brand has gained and will continue to gain share "over the foreseeable future despite a tepid beauty backdrop." While the shares have rebounded over the last week, they are still down 9% from the last earnings report, Murphy tells investors in a research note.
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