Citigroup Maintains Neutral on Ulta Beauty, Raises Price Target to $485
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Kelly Crago has maintained a Neutral rating on Ulta Beauty (NASDAQ: ULTA) and increased the price target from $440 to $485.
December 01, 2023 | 11:40 am
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Citigroup has maintained a Neutral rating on Ulta Beauty but raised the price target from $440 to $485, indicating a positive outlook on the stock's value.
The increase in price target by Citigroup suggests an improved valuation assessment of Ulta Beauty, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100