Raymond James Downgrades Ulta Beauty to Outperform, Lowers Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong has downgraded Ulta Beauty from Strong Buy to Outperform and reduced the price target from $500 to $450.
August 30, 2024 | 12:48 pm
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Raymond James has downgraded Ulta Beauty from Strong Buy to Outperform, with a reduced price target of $450, indicating a less bullish outlook.
The downgrade from Strong Buy to Outperform suggests a less optimistic view on Ulta Beauty's stock performance. The lowered price target from $500 to $450 indicates expectations of lower future stock price appreciation.
CONFIDENCE 90
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