e.l.f. Beauty up after Raymond James’ ‘very bullish’ meeting with management

Raymond James hosted a “very bullish” meeting with e.l.f. Beauty’s CEO, CFO and head of investor relations, said the analyst, who told investors in a note published earlier that the time spent with the management team “reinforced our confidence” in the company’s ability to grow sales and profits “well ahead of peers and their own near- term outlook.” The firm, which also noted that its own estimates are ahead of management’s outlook ranges, keeps a Strong Buy rating and $235 price target on e.l.f. Beauty shares, which are up 2% to $162.92 in afternoon trading.