Truist analyst Bill Chappell lowered the firm’s price target on Elf Beauty (ELF) to $75 from $100 and keeps a Buy rating on the shares ahead of quarterly results. The firm cites recent market dynamics and multiple contraction across industry groups.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELF:
- Elf Beauty price target lowered to $59 from $74 at UBS
- 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