BofA analyst Anna Lizzul raised the firm’s price target on e.l.f. Beauty (ELF) to $120 from $105 and keeps a Buy rating on the shares. e.l.f. should benefit from expanded shelf space, with further gains likely at Ulta (ULTA), CVS (CVS), and Walgreens (WBA) in fall 2023, the analyst tells investors in a research note.
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