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Market Impact: 0.22

Jefferies Upgrades Ulta Beauty to Buy With a $700 Target: Is the Beauty Cycle Roaring Back?

ULTA
Analyst InsightsCompany Fundamentals

Jefferies upgraded Ulta Beauty to Buy from Hold and raised its price target by $65 to $700 from $635. The note is a constructive analyst call on the company’s fundamentals and valuation, but the article contains no new operating or financial results. The news is likely supportive for ULTA shares, though the broader market impact should be limited.

Analysis

Jefferies upgraded Ulta Beauty to Buy from Hold and raised its price target by $65 to $700 from $635. The note is a constructive analyst call on the company’s fundamentals and valuation, but the article contains no new operating or financial results. The news is likely supportive for ULTA shares, though the broader market impact should be limited.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.45

Ticker Sentiment

ULTA0.62