Positive
●
Proactive Investors
●
5 months ago
Ulta Beauty Inc (NASDAQ:ULTA) is gaining renewed investor confidence as Jefferies upgraded the beauty retailer to Buy, citing improving momentum in makeup demand, better merchandising execution, and a more disciplined cost outlook. The brokerage set a price target of $700, implying a valuation of roughly 22 times earnings, and said the risk-reward profile has turned more favorable after a perio...