Evercore Cuts ULTA Stock Target but Continues to Recommend Outperform
Friday, 31 May 2024, 07:06
Evercore Lowers ULTA Stock Target but Stays Bullish
Evercore recently adjusted ULTA Beauty Inc.'s stock target, lowering it from the previous level. This decision was made in light of the analysts' updated assessment of ULTA's potential growth.
Maintaining the Outperform Rating
Despite the target reduction, Evercore is still optimistic about ULTA's performance and suggests that investors continue to outperform expectations.
Implications for Investors
- Revised Target: The new stock target implies a reassessment of ULTA's future growth potential.
- Continued Recommendation: The outperform rating signifies confidence in ULTA's overall prospects.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.