Truist raised the firm’s price target on e.l.f. Beauty to $150 from $135 and keeps a Buy rating on the shares. The firm cites its recent discussion with CFO Mandy Fields, which reinforced its belief that the growth story and the stock still have a long way to run, the analyst tells investors in a research note. The discussion yielded incremental color on the company’s growth drivers over the next few years and the recent acquisition of Naturium, the firm added.
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