Argus analyst Kristina Ruggeri raised the firm’s price target on Ulta Beauty to $600 from $530 and keeps a Buy rating on the shares following the Q4 results. The analyst has favorable view of Ulta’s business partnerships, loyalty programs, customer engagement, and new focus on wellness. The firm cites management’s revised guidance and its "expectations for strong growth" for the target bump.
Published first on TheFly
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