Goldman Sachs Downgrades ULTA Salon (ULTA) to Neutral

Goldman Sachs downgraded ULTA Salon (NASDAQ: ULTA) from Buy to Neutral with a price target of $132.00.

Analyst Matthew J. Fassler said, "We continue to expect ULTA to gain share from department stores given a superior selling proposition (location, service, assortment); comments from vendors suggest the format maintains its momentum, and we remain nominally above consensus for the October quarter. Our downgrade reflects our view that near-term good news and the firm’s plan are largely embedded in its share price."

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 $127.38 yesterday.

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