Barclays Downgrades ULTA Salon (ULTA) to Equalweight

Barclays analyst Adrienne Yih downgraded ULTA Salon (NASDAQ: ULTA) from Overweight to Equalweight with a price target of $434.00 (from $612.00).

The analyst comments "We are moving to the sidelines with a more cautious view on the near term. Longer term, ULTA is one of two specialty multi-brand retailers with a best-in-class business model in the secularly growing beauty segment."

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 $406.39 yesterday.

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