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Goldman Sachs Maintains Buy on Ulta Salon (UTLA), Still Gaining Share

March 18, 2013 12:55 PM EDT Send to a Friend
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Price: $87.79 -2.69%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 9 | New: 22
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Goldman Sachs maintained a Buy rating on ULTA Salon (NASDAQ: ULTA) with a price target of $93.00. NPD aata Friday showed prestige beauty category had a tough February, noted the report.

Commenting on developments, analyst Matthew J. Fassler said, "New insight on the market frames ULTA's guidance to a softer 1Q in a new light; the prestige segment started the year slower and, as such, ULTA is likely still gaining share at a consistent pace. The flip side, of course, is that if the category does not recover, ULTA’s share gains would represent no more than a moral victory, as there would be little upside to numbers."

For an analyst ratings summary and ratings history on ULTA Salon click here. For more ratings news on ULTA Salon click here.

Shares of ULTA Salon closed at $74.14 yesterday.




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