Wells Fargo lowered the firm’s price target on Ulta Beauty (ULTA) to $310 from $360 and keeps an Underweight rating on the shares. The firm notes that Q4 was better, but the overall direction of both comparable sales and margins remains unclear as numbers again are coming down. Wells remains bearish on structural concerns that will take more time to prove wrong.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULTA:
- Ulta Beauty Reports Q4 2024 Earnings and Future Plans
- Ulta Beauty: Hold Rating Amidst Competitive Pressures and Transitional Challenges
- Closing Bell Movers: DocuSign up 9% on better than expected Q4 results
- ULTA Earnings: Ulta Beauty’s Stock Rises 7% on Positive Financial Results
- Ulta Beauty jumps 7% to $336.00 after Q4 earnings beat and guidance