B of A Securities Maintains Neutral on Ulta Beauty, Lowers Price Target to $490
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson maintains a Neutral rating on Ulta Beauty (NASDAQ:ULTA) and lowers the price target from $540 to $490.
May 26, 2023 | 11:40 am
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NEUTRAL IMPACT
B of A Securities maintains a Neutral rating on Ulta Beauty and lowers the price target from $540 to $490.
The lowered price target by B of A Securities analyst Lorraine Hutchinson may cause some short-term uncertainty among investors, but the Neutral rating suggests that the overall outlook for Ulta Beauty remains unchanged. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100