Jefferies Upgrades Ulta Beauty (ULTA) on Strong Demand and Margin Outlook
Ulta Beauty, Inc. (NASDAQ:ULTA) ranks among the stocks to invest in before they split next. On April 20, Jefferies raised Ulta Beauty, Inc. (NASDAQ:ULTA) to Buy from Hold and increased its price objective to $700 from $635. The firm stated that revenue resilience has grown as the beauty industry has expanded and makeup participation has increased. Ulta Beauty, Inc. (NASDAQ:ULTA) is better positioned to benefit from the cycle, thanks to improved brand novelty and retail execution, and its selling, general ...