Evercore ISI raised the firm’s price target on Ulta Beauty to $635 from $565 and keeps an Outperform rating on the shares. The firm thinks current consensus under-appreciates Ulta’s “multifaceted” top line and margin drivers for 2024 and Evercore maintains its above-consensus 2024 EPS forecast at $28.80, compared to the Street at $27.03.
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