Deutsche Bank analyst Krisztina Katai lowered the firm’s price target on Ulta Beauty to $600 from $607 and keeps a Buy rating on the shares. The beauty category’s momentum carried forward into February, albeit slightly moderated, the analyst tells investors in a research note. The firm says industry data and competitor read-throughs continue to point to same-store-sales upside at Ulta, with mid-teens comp growth implied, on average, for Q4.
Published first on TheFly
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