Raymond James Maintains Strong Buy on Ulta Beauty, Lowers Price Target to $600
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Olivia Tong maintains a Strong Buy rating on Ulta Beauty (NASDAQ:ULTA) but lowers the price target from $615 to $600.
May 26, 2023 | 11:46 am
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NEUTRAL IMPACT
Raymond James maintains a Strong Buy rating on Ulta Beauty, but lowers the price target from $615 to $600.
The news of Raymond James maintaining a Strong Buy rating on Ulta Beauty is positive for the stock. However, the lowering of the price target from $615 to $600 may create some uncertainty among investors. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100