Wells Fargo Maintains Underweight on Ulta Beauty, Lowers Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow maintains an Underweight rating on Ulta Beauty (NASDAQ:ULTA) and lowers the price target from $350 to $325.
July 24, 2024 | 3:49 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo analyst Ike Boruchow maintains an Underweight rating on Ulta Beauty and lowers the price target from $350 to $325.
The Underweight rating and lowered price target from $350 to $325 by Wells Fargo suggest a bearish outlook on Ulta Beauty's stock. This could lead to a negative short-term impact on the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100