Raymond James raised the firm’s price target on Ulta Beauty (ULTA) to $580 from $500 and keeps an Outperform rating on the shares. f the beauty names, Raymond James is most bullish on Ulta into the earnings report. The company’s “Unleashed” initiatives are beginning to take hold while management changes have brought a more streamlined organization, the analyst tells investors in a research note. The firm believes earnings upside can drive further outperformance of the shares. Raymond James is most bearish on Coty (COTY) into earnings and expects a solid report from Bath & Body Works (BBWI).
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