Raymond James Maintains Outperform on Ulta Beauty, Lowers Price Target to $440
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong maintains an Outperform rating on Ulta Beauty but lowers the price target from $450 to $440.
October 14, 2024 | 5:10 pm
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NEUTRAL IMPACT
Raymond James has maintained its Outperform rating for Ulta Beauty but has slightly reduced the price target from $450 to $440, indicating a minor adjustment in expectations.
The Outperform rating suggests continued confidence in Ulta Beauty's performance, but the lowered price target indicates a slight reduction in expected upside. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100