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Ulta Beauty price target raised to $590 from $520 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Ulta Beauty (ULTA) to $590 from $520 and keeps an Outperform rating on the shares. The firm sees Ulta’s store portfolio, infrastructure, loyalty program, brand partnerships, and international business as competitive advantages, the analyst tells investors.

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