Oppenheimer lowered the firm’s price target on Ulta Beauty (ULTA) to $650 from $750 and keeps an Outperform rating on the shares after the company reported Q4 results short of more elevated expectations. On the guidance front, management introduced FY26 EPS guidance in the range of $28.05-$28.55 in line with Oppenheimer’s expectations of $28.15, but below a $28.64 Street figure. Management has historically been conservative, the firm adds.
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- Ulta Beauty price target lowered to $748 from $766 at Deutsche Bank
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- Ulta Beauty price target lowered to $700 from $750 at Morgan Stanley
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