Ulta Beauty added to ‘Best-of-Breed Bison’ list at DA Davidson

DA Davidson keeps a Buy rating and $495 price target on Ulta Beauty while adding the stock to the firm’s “Best-of-Breed Bison” list that favors best in class companies with sustainable moats and favorable risk / reward dynamics. Ulta Beauty fits all 12 criteria required to qualify as a “Best-of-Breed Bison” name within its framework, including trading at a discount to intrinsic value, the analyst tells investors in a research note. Other key aspects of the methodology where Ulta Beauty stand out include favorable market dynamics, consistent financial performance and a shareholder-oriented management team, the firm added.