e.l.f. Beauty price target raised to $141 from $119 at Stifel

Stifel raised the firm’s price target on e.l.f. Beauty to $141 from $119 and keeps a Hold rating on the shares. The firm remains cautious on the Americas – household and personal products group, noting volume growth will likely remain muted, though volume declines have likely bottomed out, the analyst tells investors. An analysis of scanner data demonstrates sales growth is balanced across key drivers, with sales, volume, and pricing remaining solid, the firm adds. Further, the company’s product proposition offering is providing superior perceived value.