Canaccord Genuity Maintains Buy on Ulta Beauty, Lowers Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on Ulta Beauty but lowered the price target from $522 to $500.

August 27, 2024 | 1:21 pm
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Canaccord Genuity maintains a Buy rating on Ulta Beauty but lowers the price target from $522 to $500, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Ulta Beauty's performance, but the lowered price target indicates a slightly reduced expectation for future stock price appreciation. This could lead to a neutral short-term impact on the stock price as the positive Buy rating is offset by the reduced price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100