Piper Sandler raised the firm’s price target on e.l.f. Beauty to $225 from $212 and keeps an Overweight rating on the shares. The firm believes e.l.f. Beauty’s run is still not over, with its confidence strengthened following the company’s attendance at the CAGNY conference last week. Piper continues to see healthy double digit-plus EPS growth as more than achievable for the foreseeable future for e.l.f. Beauty, driving nice share upside from current levels.
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