Raymond James sees ‘attractive’ entry point for e.l.f. Beauty shares

Raymond James analyst Olivia Tong reiterates a Strong Buy rating and $140 price target on e.l.f. Beauty following a bigger than expected beat and raise. Shares are down 32% from their peak this summer despite the firm’s expectation for FY consensus to increase by a low double digit to low teens percentage, providing an attractive entry point for shares, the analyst tells investors in a research note.