Oppenheimer raised the firm’s price target on Ulta Beauty (ULTA) to $615 from $600 and keeps an Outperform rating on the shares. The firm looks very favorably upon Ulta’s Q3 results. EPS of $5.14 easily topped a Street forecast of $4.61 with better-than-expected sales and gross margins fueling the beat, Oppenheimer adds.
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- Ulta Beauty price target raised to $670 from $600 at Baird
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