JPMorgan raised the firm’s price target on Ulta Beauty (ULTA) to $800 from $647 and keeps an Overweight rating on the shares. The firm also removed Ulta from its Analyst Focus List due to the recent rally in the shares and conservative” 2026 guidance expectations. Ulta’s outlook is more second-half weighted than the Street is currently forecasting, particularly Q1, the analyst tells investors in a research note.
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