Ulta Beauty price target raised to $600 from $530 at B. Riley

B. Riley raised the firm’s price target on Ulta Beauty (ULTA) to $600 from $530 and keeps a Neutral rating on the shares. The company reported “strong” fiscal Q3 results amid continued share gains across both mass and prestige beauty, the analyst tells investors in a research note. However, Riley believes the positives are “fully baked” into the stock at current levels. It awaits a more attractive entry point before commending the shares.