Canaccord analyst Susan Anderson raised the firm’s price target on Elf Beauty (ELF) to $114 from $105 and keeps a Buy rating on the shares. The firm said they reported soslid results and announced the acquisition of rhode skin for $800M at closing, plus up to an additional $200M from milestone earnouts and in the quarter, management highlighted strength across both retail and e-comm channels and across both US and international markets.
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