TD Cowen Downgrades Ulta Beauty to Hold, Announces $395 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded Ulta Beauty from Buy to Hold, setting a price target of $395.
September 23, 2024 | 10:35 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
TD Cowen analyst Oliver Chen downgraded Ulta Beauty from Buy to Hold, with a new price target of $395. This suggests a more cautious outlook on the stock's performance.
The downgrade from Buy to Hold indicates a less optimistic view on Ulta Beauty's stock performance. The price target of $395 suggests limited upside potential, which may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100