Ulta Beauty shares are trading lower after Oppenheimer maintained an Outperform rating on the stock and lowered its price target from $475 to $450.
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty shares are trading lower after Oppenheimer maintained an Outperform rating on the stock but lowered its price target from $475 to $450.
July 15, 2024 | 2:34 pm
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Oppenheimer maintained an Outperform rating on Ulta Beauty but lowered its price target from $475 to $450, causing shares to trade lower.
The reduction in the price target by Oppenheimer, despite maintaining an Outperform rating, suggests a more cautious outlook on Ulta Beauty's near-term performance, leading to a negative impact on the stock price.
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