Ulta Beauty shares are trading lower after Oppenheimer maintained an Outperform rating on the stock but lowered its price target. The stock may also be down in sympathy with the broader retail sector after Foot Locker lowered its FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty shares are trading lower after Oppenheimer maintained an Outperform rating but lowered its price target. The stock may also be affected by the broader retail sector after Foot Locker lowered its FY23 guidance.
May 19, 2023 | 3:01 pm
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Ulta Beauty's stock is trading lower due to Oppenheimer's lowered price target and potential impact from Foot Locker's lowered FY23 guidance.
Ulta Beauty's stock price is directly impacted by Oppenheimer's lowered price target, which may cause investors to reevaluate their positions. Additionally, the lowered FY23 guidance from Foot Locker may negatively affect the broader retail sector, including Ulta Beauty.
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