Morgan Stanley raised the firm’s price target on Ulta Beauty (ULTA) to $600 from $550 and keeps an Overweight rating on the shares. Ulta’s Unleashed plan continues to drive solid results, as evidenced by Q2, says the analyst, who thinks the current valuation is “undemanding for a business with renewed topline momentum and market share gains.”
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Read More on ULTA:
- Ulta Beauty price target raised to $625 from $585 at DA Davidson
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