Wells Fargo Maintains Underweight on Ulta Beauty, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow maintains an Underweight rating on Ulta Beauty and lowers the price target from $325 to $300.
August 30, 2024 | 1:53 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wells Fargo has maintained an Underweight rating on Ulta Beauty and reduced the price target from $325 to $300, indicating a bearish outlook.
The Underweight rating suggests that Wells Fargo expects Ulta Beauty to underperform relative to the market. The lowered price target from $325 to $300 indicates a negative outlook on the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100