Wells Fargo lowered the firm’s price target on Ulta Beauty to $325 from $350 and keeps an Underweight rating on the shares. The firm expects a weak Q2 print and guide down when Ulta reports. Wells lowered estimates below guidance. With business trajectory remaining weak, all eyes shift to the company’s October analyst day, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULTA:
- Oppenheimer cuts Ulta Beauty target, removes top pick status
- Ulta Beauty management to meet with Telsey Advisory
- Ulta Beauty price target lowered to $494 from $498 at Piper Sandler
- Ulta Beauty price target lowered to $355 from $394 at Barclays
- Oppenheimer adds Ulta Beauty shares back to top pick status