ULTA Salon (ULTA) PT Raised to $313 at Morgan Stanley on 1Q Beat; 'Positive Top/Bottom Line Revisions Continue'
Morgan Stanley raised its price target on ULTA Salon (NASDAQ: ULTA) to $313.00 (from $300.00) while maintaining a Equalweight rating, following the company's first quarter earnings report.
Analyst Simeon Gutman notes the company delivered first quarter earnings per share and revenues above consensus, as management continued to drive robust foot traffic producing strong comps, despite a challenging retail environment.