Ulta Beauty (ULTA) Slide Attributed to Earlier Boutique Comments

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Deutsche Bank Reiterates Buy Rating on ULTA Salon (ULTA) While Noting Beauty Sales Were 'solid but softening' in July

August 3, 2022 4:08 PM EDT

Deutsche Bank analyst Paul Trussell reiterated a Buy rating and $548.00 price target on ULTA Salon (NASDAQ: ULTA).

The analyst comments "Overall, the beauty category continues to showcase solid but softening data points with July marking the first month of YOY increases in promotional activity... More