Loop Capital analyst Anthony Chukumba keeps a Buy rating and $480 price target on Ulta Beauty (ULTA) after its Q4 results and guidance. The quarter has further solidified the firm’s view that the “worst is behind” for the company from a competitive intrusion perspective, and while the U.S. macroeconomic environment is highly uncertain, many investors perceive beauty products to be a lot “more discretionary” than they truly are, the analyst tells investors in a research note. Loop adds it was “encouraged” by Ulta’s newly appointed CEO Kecia Steelman’s high sense of urgency.
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Read More on ULTA:
- Ulta Beauty price target lowered to $404 from $467 at BMO Capital
- Ulta Beauty price target lowered to $330 from $430 at B. Riley
- Ulta Beauty price target lowered to $400 from $475 at Stifel
- Ulta Beauty: Hold Rating Amid Transition Year and Margin Pressures
- Ulta Beauty price target lowered to $475 from $480 at JPMorgan
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