Citi analyst Filippo Falorni lowered the firm’s price target on Elf Beauty (ELF) to $87 from $115 and keeps a Buy rating on the shares. The firm adjusted targets in the beverages, household and personal care group as part of a Q1 preview. Investor focus will be on the sector’s margin risk amid higher oil prices and many commodities, the analyst tells investors in a research note.
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