Source: Benzinga Feeds
Ulta Beauty Inc (NASDAQ: ULTA ) remains a highly debated stock, and Goldman Sachs is ready to pick a side in the bull versus bear debate after initiating at Neutral last October. The Ulta Analyst Kate McShane upgraded Ulta Beauty from Neutral to Buy with a price target lifted from $285 to $307. The Ulta Thesis One of the key questions Ulta investors continue to debate is if the recent slowdown in its business is cyclical or structural, McShane wrote in the note. Industry experts suggest the slowdown is cyclical in nature and in line with what Ulta’s management team has said. Data from NPD suggests there is a shift between prestige makeup and skincare every four to … Full story available on Benzinga.com
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