Loop Capital Downgrades Ulta Beauty to Hold, Announces $530 Price Target
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Anthony Chukumba downgrades Ulta Beauty (ULTA) from Buy to Hold and sets a new price target of $530.

February 14, 2024 | 1:24 pm
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Ulta Beauty downgraded from Buy to Hold by Loop Capital with a new price target of $530.
Downgrades typically lead to a negative short-term impact on the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a price target can provide a benchmark for investors, but the downgrade from Buy to Hold is likely to have a more immediate negative effect on investor sentiment towards ULTA.
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IMPORTANCE 90
RELEVANCE 100