Wells Fargo Maintains Underweight on Ulta Beauty, Raises Price Target to $375
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Ike Boruchow has maintained an Underweight rating on Ulta Beauty (NASDAQ:ULTA) and raised the price target from $350 to $375.
August 25, 2023 | 2:38 pm
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NEUTRAL IMPACT
Ulta Beauty's price target has been raised from $350 to $375 by Wells Fargo, while maintaining an Underweight rating.
The news is directly about Ulta Beauty and its price target being raised by Wells Fargo. However, the Underweight rating suggests that the analyst believes the stock may underperform the market, which could potentially have a negative impact on the stock's price in the short term. Therefore, the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100