DA Davidson Maintains Buy on Ulta Beauty, Lowers Price Target to $435
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Baker maintains a Buy rating on Ulta Beauty but lowers the price target from $507 to $435.
August 30, 2024 | 7:45 pm
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NEUTRAL IMPACT
DA Davidson's analyst Michael Baker continues to recommend buying Ulta Beauty stock but has reduced the price target from $507 to $435, indicating a more conservative outlook.
The maintained Buy rating suggests confidence in Ulta Beauty's performance, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100