B of A Securities Maintains Neutral on Ulta Beauty, Lowers Price Target to $425
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Ulta Beauty (NASDAQ:ULTA) but has lowered the price target from $575 to $425.

May 28, 2024 | 5:03 pm
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B of A Securities has maintained a Neutral rating on Ulta Beauty but has significantly lowered the price target from $575 to $425.
The significant reduction in the price target from $575 to $425 by B of A Securities suggests a less optimistic outlook for Ulta Beauty's stock performance. This is likely to have a negative short-term impact on the stock price as investors may adjust their expectations accordingly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100