e.l.f. Beauty price target raised to $125 from $116 at Canaccord

Canaccord analyst Susan Anderson raised the firm’s price target on e.l.f. Beauty (ELF) to $125 from $116 and keeps a Buy rating on the shares. e.l.f. sales were up 59.3% during the 2-week period ending June 18, and sales through the first 11 weeks of the quarter were up 53.7%, tracking higher than the Street at 49.7%, the analyst tells investors in a research note. The brand is also scheduled to gain additional shelf space with major partner Ulta (ULTA), the firm says.