Jefferies analyst Ashley Helgans raised the firm’s price target on Elf Beauty (ELF) to $150 from $135 and keeps a Buy rating on the shares. Alternative data and early reports suggest a sequential improvement for the beauty industry in Q3, says the analyst, who expects companies in the group to issue “conservative” outlooks given the degree of caution around consumer behavior.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELF:
- Buy Rating Justified for e.l.f. Beauty Amidst Promising Growth Prospects with Rhode Acquisition
- Elf 8K points to weaker than expected quarter at rhode, says Morgan Stanley
- Buy Rating for e.l.f. Beauty: Strong Financial Performance and Promising Growth Prospects
- Elf Beauty brand announces partnership with Twitch
- E.l.f. Beauty put volume heavy and directionally bearish