Oppenheimer Maintains Outperform on Ulta Beauty, Lowers Price Target to $540
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Rupesh Parikh maintains an Outperform rating on Ulta Beauty (NASDAQ:ULTA) but lowers the price target from $575 to $540.
May 26, 2023 | 1:12 pm
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Oppenheimer analyst Rupesh Parikh maintains an Outperform rating on Ulta Beauty but lowers the price target from $575 to $540.
The news of Oppenheimer maintaining an Outperform rating on Ulta Beauty indicates a positive outlook for the company. However, the lowering of the price target from $575 to $540 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100