Ulta Beauty price target raised to $636 from $548 at Barclays

Barclays analyst Adrienne Yih raised the firm’s price target on Ulta Beauty to $636 from $548 and keeps an Overweight rating on the shares. The company posted another beat and raise quarter with sales accelerating, controlled promotions, and positive traffic, the analyst tells investors in a research note. This is "the trifecta of retail" and shows both the secular strength of the beauty segment, as well as continued focused execution by management, contends the firm.