Barclays Maintains Overweight on Ulta Beauty, Raises Price Target to $612
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on Ulta Beauty (ULTA) and raises the price target from $583 to $612.
March 15, 2024 | 10:25 am
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POSITIVE IMPACT
Barclays maintains an Overweight rating on Ulta Beauty and increases the price target to $612.
The upgrade in the price target by a reputable analyst like Adrienne Yih from Barclays signals a strong confidence in Ulta Beauty's future performance. This is likely to be viewed positively by the market, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100