B of A Securities Maintains Buy on e.l.f. Beauty, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on e.l.f. Beauty but lowered the price target from $230 to $190.
September 09, 2024 | 11:51 am
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NEUTRAL IMPACT
B of A Securities has maintained a Buy rating on e.l.f. Beauty but lowered the price target from $230 to $190, indicating a positive outlook with some caution.
The maintenance of a Buy rating suggests continued confidence in e.l.f. Beauty's performance, but the lowered price target indicates some caution about future growth or market conditions. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100