Morgan Stanley Remains Sidelined on Ulta Salon (ULTA) Ahead of Analyst Day
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Morgan Stanley reiterated an Equalweight rating and $250.00 price target on ULTA Salon (NASDAQ: ULTA) ahead of the company's analyst day.
Analyst Simeon Gutman commented, "Much of the good news we expect to hear at Thursday's Analyst Day is reflected in the stock, in our view. Key areas of focus will likely be 1) an updated store count target, 2) sources of future margin expansion, 3) in store experience enhancements, and 4) CRM/loyalty program. Both the store target and EBIT margin color are likely to have the greatest impact on future estimates and hence the stock."
Shares of ULTA Salon closed at $240.36 yesterday.
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