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Fly News Breaks for April 18, 2019
Apr 18, 2019 | 07:54 EDT
Baird analyst Mark Altschwager raised his price target for Ulta Beauty to $395 from $365 after speaking with the company's management, telling investors in a research note that he remains encouraged by momentum behind recent brand launches, while his quarter-to-date promotional checks suggest healthy traffic levels have continued despite a generally sluggish traffic environment. He maintains an Outperform rating on the shares.
News For ULTA From the Last 2 Days
Jun 25, 2019 | 09:00 EDT
William Blair analyst Daniel Hofkin said he would recommend buying Ulta Beauty (ULTA) shares on any pullback related to yesterday's announcement from Amazon (AMZN) of the launch of the "Amazon Professional Beauty Store." Amazon's new online store specifically targets professional stylists, while Ulta targets the end-user beauty enthusiast and does not offer any specific incentives for professional stylists, Hofkin tells investors. Additionally, one of the largest categories of products that professionals buy is color, which Ulta does not sell for professionals, noted the analyst, who keeps an Outperform rating on Ulta shares.
Jun 24, 2019 | 13:02 EDT
Shares of Ulta Beauty (ULTA) and Sally Beauty (SBH) are under pressure on Monday after Amazon (AMZN) announced that professional beauty products were now available on Amazon Business. The e-commerce's Amazon... To see the rest of the story go to See Story Here