Raymond James analyst Olivia Tong lowered the firm’s price target on Ulta Beauty to $550 from $600 and keeps a Strong Buy rating on the shares. Ulta reported Q2 results that beat expectations and raised its FY23 outlook, with comps that accelerated throughout the quarter and grew in all key beauty categories, the analyst tells investors in a research note.
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Read More on ULTA:
- Ulta Beauty price target raised to $375 from $350 at Wells Fargo
- Ulta Beauty price target lowered to $550 from $560 at Baird
- Ulta Beauty price target raised to $571 from $570 at Deutsche Bank
- Ulta Beauty raises FY23 EPS view to $25.10-$25.60 from $24.70-$25.40
- Ulta Beauty reports Q2 EPS $6.02, consensus $5.85