UPDATE: Cleveland Research Downgrades ULTA Salon (ULTA) to Neutral Citing Industry Pressures
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Rating Summary:
20 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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(updated to add analyst comment)
Cleveland Research downgraded ULTA Salon (NASDAQ: ULTA) from Buy to Neutral.
The analyst says industry pressures limit conviction on NT EPS upside from heightened competition and possible Hurricane-related disruptions. Furthermore the analyst struggles to "look-through" a possible temporary industry lull noting the current outlook creates more uncertainty regarding sales/margin trends for the foreseeable future according to an early morning research commentary.
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 $207.89 yesterday.
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