tiprankstipranks
The Fly

Ulta Beauty price target lowered to $475 from $480 at JPMorgan

Ulta Beauty price target lowered to $475 from $480 at JPMorgan

JPMorgan lowered the firm’s price target on Ulta Beauty (ULTA) to $475 from $480 and keeps an Overweight rating on the shares. The company reported better than expected Q4 comps and earnings, the analyst tells investors in a research note. The firm believes Ulta is “setting up as a port in the retail storm” given its stable-to-improving momentum into 2025 with flattish quarter-to-date trends. JPMorgan expects investors to buy the guidance cut with multiple expansion over the year as the company continues to make traction on market share performance.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com