Piper Sandler analyst Korinne Wolfmeyer lowered the firm’s price target on Elf Beauty (ELF) to $102 from $131 and keeps an Overweight rating on the shares. The firm says it is continuing to defend Elf and struggles to not be buyers at current levels. Visibility is limited, and it’s getting tougher to model, which Piper does believe justifies a bit of a valuation reset.
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Read More on ELF:
- Elf Beauty price target lowered to $110 from $175 at Baird
- Elf Beauty price target lowered to $85 from $105 at Stifel
- Elf Beauty price target lowered to $105 from $174 at Canaccord
- Elf Beauty downgraded to Neutral from Buy at DA Davidson
- Elf Beauty downgraded to Equal Weight from Overweight at Morgan Stanley