JPMorgan Downgrades e.l.f. Beauty (ELF) to Underweight, Sees Downside Risk From Current Levels

JPMorgan downgraded e.l.f. Beauty (NYSE: ELF) from Neutral to Underweight with a price target of $18.00.

Analyst Andrea Teixeira sees continued deterioration in sell-through rates in tracked channels. The analyst comments "With current sell-through
rates significantly below historical levels, we believe ELF may see some pushback from retailers on continued distribution expansion goals as sales productivity declines."

For an analyst ratings summary and ratings history on e.l.f. Beauty click here. For more ratings news on e.l.f. Beauty click here.

Shares of e.l.f. Beauty closed at $22.13 yesterday.

You May Also Be Interested In

• Goldman Sachs Downgrades Mahindra & Mahindra Financial Services Ltd. (MMFS:IN) to Sell
• HSBC Downgrades CS Wind Corp (112610:KS) to Hold
• Roblox stock: Industry expert explains why Wall Street is wrong