UBS lowered the firm’s price target on Elf Beauty (ELF) to $59 from $74 and keeps a Neutral rating on the shares as part of a Q1 preview for the consumer staples group. With the exception of a few, it is clear the fundamental backdrop has deteriorated in recent weeks, driven by weaker consumer demand and an uncertain tariff backdrop, the analyst tells investors in a research note. UBS thinks the setup into earnings season for staples is “particularly tricky.” It continues to favor companies where fundamental visibility is high or improving, irrespective of the stock’s valuation. The firm believes Coca-Cola (KO), Keurig Dr Pepper (KDP), Celsius (CELH), Monster Beverage (MNST), and Church & Dwight (CHD) are well positioned heading into earnings.
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Read More on ELF:
- Elf Beauty price target lowered to $85 from $120 at Raymond James
- Cautious Outlook for e.l.f. Beauty Amid Mixed Market Performance and Sales Velocity Challenges
- Elf Beauty price target lowered to $70 from $127 at JPMorgan
- Elf Beauty weakness a buying opportunity, says Canaccord
- e.l.f. Beauty Appoints Charles Bergh to Board
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