Evercore ISI raised the firm’s price target on Ulta Beauty (ULTA) to $490 from $480 and keeps an Outperform rating on the shares after the company announced that CEO Dave Kimbell is retiring and current COO Kecia Steelman will transition to CEO today. In conjunction with that news, Q4 guidance was raised on strong holiday trends and the firm is raising its own Q4 EPS forecast “further above consensus” to $7.05 while raising its 2025 EPS view to $23.30 from $23.20.
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Read More on ULTA:
- Ulta Beauty upgraded to Neutral on earnings momentum at B. Riley
- Ulta Beauty price target raised to $515 from $505 at Oppenheimer
- Ulta Beauty upgraded to Neutral from Sell at B. Riley
- Ulta Beauty price target raised to $425 from $394 at Piper Sandler
- Ulta Beauty price target raised to $475 from $455 at Stifel