Ulta Gets A Touch-Up: JPMorgan Lifts Price Target Ahead Of Q1 Earnings
1. JPMorgan analyst raised ULTA's price target from $475 to $477. 2. Comparable sales trends are improving, driven by stable consumer behavior. 3. Strong beauty market positioning expected to enhance margins and earnings growth. 4. Management anticipates stable sales performance in upcoming quarters. 5. ULTA shares fell 1.38% to $405.04 despite positive outlook.