Evercore ISI raised the firm’s price target on Ulta Beauty (ULTA) to $660 from $640 and keeps an Outperform rating on the shares. “Impressive” same-store sales growth of 6% significantly outpaced expectations, leading to a “notable” Q3 EPS beat, says the analyst, who adds that Q4 guidance “appears conservative,” particularly in light of positive trends observed during Black Friday and Cyber Monday.
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- Ulta Beauty price target raised to $690 from $680 at UBS
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