Ulta Beauty shares are trading lower after TD Cowen downgraded the stock to Hold.
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty's stock is experiencing a decline following a downgrade by TD Cowen from Buy to Hold.
September 23, 2024 | 11:50 am
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NEGATIVE IMPACT
Ulta Beauty's stock is trading lower due to a downgrade by TD Cowen from Buy to Hold, indicating a less optimistic outlook.
The downgrade from TD Cowen suggests a shift in sentiment from a positive to a more neutral stance, likely causing investors to reassess their positions, leading to a short-term decline in Ulta Beauty's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100