B. Riley analyst Anna Glaessgen raised the firm’s price target on Elf Beauty (ELF) to $150 from $110 and keeps a Buy rating on the shares. The firm came away from The Business of Fashion’s second volume of the “State of Fashion: Beauty” special report with incremental conviction in its Buy rating on Elf. Riley sees the company benefiting from key thematic trends, including consumers’ increasing prioritization of value. The analyst upped the price target after layering in the Rhode acquisition and to account for the “sentiment step-up” out of the Q4 earnings, plus tariff relief.
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