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 ...

Jefferies Upgrades Ulta Beauty (ULTA) on Strong Demand and Margin Outlook - Reportify