Morgan Stanley Maintains Equal-Weight on Ulta Beauty, Lowers Price Target to $480
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Ulta Beauty (NASDAQ:ULTA) but lowered the price target from $520 to $480.
August 28, 2023 | 12:40 pm
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Morgan Stanley has maintained an Equal-Weight rating on Ulta Beauty but lowered the price target from $520 to $480.
The lowering of the price target by Morgan Stanley could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100