TD Cowen raised the firm’s price target on Ulta Beauty (ULTA) to $775 from $725 and keeps a Buy rating on the shares. The firm adjusted targets in the beauty space as part of a Q4 preview. TD sees the most upside potential at Estee Lauder on improving China trends and sustained U.S. momentum. Beauty trends appear solid, which should drive revenue upside for all companies, the analyst tells investors in a research note.
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