Canaccord analyst Susan Anderson raised the firm’s price target on e.l.f. Beauty to $78 from $63 and keeps a Buy rating on the shares. The analyst noted management highlighted that innovation, strong marketing, and great products at accessible price points drove demand. The company demand has yet to slow, and their cosmetics and skin categories both significantly outpaced the industry, leading to continued market share gains.
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- e.l.f. Beauty price target raised to $75 from $63 at Raymond James
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