Piper Jaffray Raises Earnings Outlook For Ulta Salon, Cosmetics & Fragrance

Piper Jaffray is raising its earnings outlook for Ulta Salon, Cosmetics & Fragrance ULTA. “Our price target increases from $31 to $37,” Piper Jaffray writes. “Longer term, we continue to believe Ulta is well-positioned to garner share from department stores, benefiting from a product, real estate and marketing perspective.” Ulta Salon, Cosmetics & Fragrance closed Friday at $30.69.