Baird Maintains Outperform on Ulta Beauty, Lowers Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mark Altschwager has maintained an Outperform rating on Ulta Beauty (NASDAQ:ULTA), but lowered the price target from $560 to $550.
August 25, 2023 | 2:43 pm
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NEUTRAL IMPACT
Ulta Beauty's price target has been lowered by Baird from $560 to $550, though the Outperform rating is maintained.
The news is directly about Ulta Beauty and its price target being lowered by Baird. This could potentially impact investor sentiment, though the maintained Outperform rating suggests that Baird still sees potential in the stock. The impact on the stock price is uncertain in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100