UBS lowered the firm’s price target on Elf Beauty (ELF) to $80 from $135 and keeps a Buy rating on the shares. The firm remains bullish on Elf Beauty due to strong underlying demand and expected shipment normalization, continued international growth and share gains, ongoing skincare momentum from Naturium, and proactive mitigation of tariff-related pressures through supply chain diversification and cost controls, the analyst tells investors in a research note.
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