Oppenheimer Maintains an 'Outperform' on ULTA Salon (ULTA); Rasing Numbers After Another Strong Qtr
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Price: $408.01 -0.62%
Rating Summary:
20 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
20 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Oppenheimer maintains an 'Outperform' on ULTA Salon (NASDAQ: ULTA) price target of $112.00 (from $103.00).
Analyst, Joseph Altobello, said, "ULTA delivered another exceptional quarter Thursday afternoon, with both the top and bottom lines ahead of expectations, highlighted by 9.3% comp growth. In addition, the company will be introducing a number of new Clinique boutiques to go along with its Lancome rollout. Guidance remains encouraging, and we remain bullish, raising our price target."
FY12 EPS estimate raised from $2.55 to $2.60 and FY13 from $3.15 to $3.25.
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 $95.26 yesterday.
Analyst, Joseph Altobello, said, "ULTA delivered another exceptional quarter Thursday afternoon, with both the top and bottom lines ahead of expectations, highlighted by 9.3% comp growth. In addition, the company will be introducing a number of new Clinique boutiques to go along with its Lancome rollout. Guidance remains encouraging, and we remain bullish, raising our price target."
FY12 EPS estimate raised from $2.55 to $2.60 and FY13 from $3.15 to $3.25.
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 $95.26 yesterday.
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