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Jefferies Raises Price Target on Ulta Salon (ULTA) to $270; Reiterates Hold

December 2, 2016 8:01 AM EST

Jefferies reiterated a Hold rating on ULTA Salon (NASDAQ: ULTA), and raised the price target to $270.00 (from $255.00), following the company's 3Q earnings report. ULTA reported Comps of 16.7%, compared to the Street estimate of 14.8%, and a 2- year stack of nearly 30%. Both... More