Ulta Beauty price target lowered to $330 from $430 at B. Riley

B. Riley analyst Anna Glaessgen lowered the firm’s price target on Ulta Beauty (ULTA) to $330 from $430 and keeps a Neutral rating on the shares. Ulta’s Q4 results were better than expected, with a comp of 1.5%, ahead of the 0.8% consensus, reflecting the intra-quarter commentary of a modest increase, the analyst tells investors in a research note. Guidance for 2025 was a bit soft vs. the Street, but the outlook is largely consistent with commentary from the October analyst day, the firm says.