TD Cowen lowered the firm’s price target on Ulta Beauty (ULTA) to $750 from $775 and keeps a Buy rating on the shares. The firm said Ulta beat on comps driven by ticket +4.2%, while SG&A delevered 230bps yielding 12.2% operations margin vesus the Street’s 12.5%.
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Read More on ULTA:
- Ulta Beauty price target lowered to $700 from $750 at Morgan Stanley
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