Barclays Downgrades ULTA Salon (ULTA) to Equalweight
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2 consumer-focused stocks cut at Barclays today
April 29, 2024 11:00 AM EDTBarclays analysts cut the ratings for two consumer-focused stocks in separate notes Monday, citing concerns, including the competitive landscape for both.
First, the bank downgraded shares of Ulta Beauty (NASDAQ: ULTA) to Equal Weight from Overweight, cutting the price target to $434 from $612 per share.
Barclays said they have become more cautious about the name in the near term despite ULTA's "best-in-class business... More
