JP Morgan Maintains Overweight on Ulta Beauty, Lowers Price Target to $545
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Christopher Horvers maintains an Overweight rating on Ulta Beauty (NASDAQ:ULTA) but lowers the price target from $575 to $545.
May 26, 2023 | 2:22 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on Ulta Beauty (NASDAQ:ULTA) and lowers the price target from $575 to $545.
The news of JP Morgan maintaining an Overweight rating on Ulta Beauty indicates a positive outlook for the company. However, the lowering of the price target from $575 to $545 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100