Ulta Beauty price target raised to $580 from $535 at Credit Suisse

Credit Suisse analyst Oliver Chen raised the firm’s price target on Ulta Beauty to $580 from $535 and keeps an Outperform rating on the shares. The current momentum of the business remains very strong, and with 2023 SSS guided to up 4%-5%, Credit Suisse sees upside to guidance, the analyst tells investors in a research note.