In a report published Friday, Jefferies analyst Randal J. Konik reiterated a Hold rating on Ulta Salon, Cosmetics & Fragrance ULTA, and raised the price target from $92.00 to $110.00.
In the report, Jefferies noted, “ULTA delivered strong 2Q results, with topline and EPS above expectations, raised FY guidance and an optimistic update to LT financial targets. We are admittedly late to the party in getting more constructive on this name and believe the stock sets up well as the co delivers on its growth initiatives. As such, we raise our PT to $110, though maintain Hold for now as the stock adjusts to a new bar.”
Ulta Salon, Cosmetics & Fragrance closed on Thursday at $97.48.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in