Baird Initiates Coverage On e.l.f. Beauty with Neutral Rating, Announces Price Target of $185
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Joel Beatty has initiated coverage on e.l.f. Beauty (NYSE:ELF) with a Neutral rating and set a price target of $185 for the company's stock.

January 30, 2024 | 11:24 am
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NEUTRAL IMPACT
Baird has initiated coverage on e.l.f. Beauty with a Neutral rating and a price target of $185, which may influence investors' perceptions and the stock's market performance.
The initiation of coverage by Baird with a Neutral rating suggests a balanced view on e.l.f. Beauty's stock, without a strong bullish or bearish bias. The price target of $185 provides a benchmark for investors but does not imply significant short-term movement. The impact on the stock price is likely to be moderate as the market absorbs the new analyst coverage and price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100