Stifel Maintains Hold on Ulta Beauty, Lowers Price Target to $385
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan maintains a Hold rating on Ulta Beauty but lowers the price target from $475 to $385.
August 30, 2024 | 1:42 pm
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Stifel analyst Mark Astrachan maintains a Hold rating on Ulta Beauty and lowers the price target from $475 to $385, indicating a more cautious outlook.
The lowering of the price target from $475 to $385 by Stifel suggests a less optimistic view on Ulta Beauty's future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100