Ulta Beauty Inc

NASDAQ:ULTAUnited States

Sep 23, 2024

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• DJ Ulta Beauty Seen as Unprepared to Face Intense Competition -- Market Talk, from 7:25AM ET on Monday Sep 23, 2024 by Dow Jones

  7:25AM ET on Monday Sep 23, 2024 by Dow Jones
  Companies Mentioned: ULTA
  
  0725 ET - Ulta Beauty isn't doing enough to offset a changing and ramping-up competitive landscape and TD Cowen's Oliver Chen thinks this will temper the company's stock. In a report, the analyst says that "promo intensity, increased distribution points at Sephora and Amazon, and category normalization are likely to persist for the next year." Chen says that there is a lack of catalysts in the near-term, and this should hold back the stock despite Ulta maintaining a leadership position in the market. Now that the stock has reached TD's price target of $395, coupled with "a lack of visibility on upside potential to earnings," the bank downgrades the stock rating to hold from buy. (adriano.marchese@wsj.com)
  

• DJ Ulta Beauty Cut to Hold From Buy by TD Cowen, from 6:45AM ET on Monday Sep 23, 2024 by Dow Jones

  6:45AM ET on Monday Sep 23, 2024 by Dow Jones
  Companies Mentioned: ULTA
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/ULTA/analyst-ratings
  
  (END) Dow Jones Newswires
  
  September 23, 2024 06:45 ET (10:45 GMT)
  

• TD Cowen Downgrades Ulta Beauty to Hold From Buy, from 6:43AM ET on Monday Sep 23, 2024 by MT Newswires

  6:43AM ET on Monday Sep 23, 2024 by MT Newswires
  Companies Mentioned: ULTA
  06:43 AM EDT, 09/23/2024 (MT Newswires) -- Ulta Beauty (ULTA) has an average outperform rating and a price target range of $300 to $505, according to analysts polled by Capital IQ. (MT Newswires covers equity, commodity and economic research from ma...