Canaccord raised the firm’s price target on Ulta Beauty (ULTA) to $500 from $476 and keeps a Buy rating on the shares. The firm believes the 3Q results showcase management’s ability to quickly adapt and manage what they can control including more effective promos and adding more brands to the assortment.
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Read More on ULTA:
- Ulta Beauty price target raised to $410 from $335 at Barclays
- Ulta Beauty price target raised to $480 from $472 at JPMorgan
- Ulta Beauty Reports Modest Growth Amid Expansion
- Closing Bell Movers: Lululemon jumps 9% after beat and raise
- ULTA Earnings: Shares Jump after Smashing EPS Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
