JPMorgan analyst Andrea Teixeira raised the firm’s price target on e.l.f. Beauty to $62 from $48 and keeps an Overweight rating on the shares. The analyst expects a "bifurcated" year for staples in 2023 and thinks selective household, personal care, and beverage stocks "can continue to work next year."
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly