Piper Sandler analyst Korinne Wolfmeyer raised the firm’s price target on Ulta Beauty to $610 from $570 and keeps an Overweight rating on the shares. The company reported another solid quarter that beat expectations and its fiscal 2023 guidance also surpassed estimates, the analyst tells investors in a research note. The analyst says Ulta continues to execute well, delivering market-leading growth and gaining cost leverage. Piper views the stock as a "solid holding" and would be adding to positions.
Published first on TheFly
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