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Elf Beauty price target raised to $155 from $140 at Raymond James

Raymond James raised the firm’s price target on Elf Beauty (ELF) to $155 from $140 and keeps a Strong Buy rating on the shares. Rhode officially launched into Sephora, its first retailer outside of DTC, on Thursday, and is the biggest launch in the retailer’s history, the analyst tells investors in a research note. Early reception of Rhode appears encouraging, the firm adds.

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