Oppenheimer Maintains Outperform on Ulta Beauty, Lowers Price Target to $435
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Rupesh Parikh maintains an Outperform rating on Ulta Beauty but lowers the price target from $450 to $435.
August 30, 2024 | 1:03 pm
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Oppenheimer has maintained its Outperform rating on Ulta Beauty but has lowered the price target from $450 to $435, indicating a slight decrease in expected future performance.
The maintenance of an Outperform rating suggests continued confidence in Ulta Beauty's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100