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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond3/13/2017 8:18:49 AM
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TICKER ALERT: ULTA

Ulta Beauty target raised to $285 at RBC Capital Mkts -- Compelling momentum & share gains; valuation is the hold back (286.42)

RBC Capital Mkts raises their ULTA tgt to $285 from $278. They continue to be impressed by ULTA's accelerating comps driven by share gains across categories, as well as its compelling LT margin expansion and footage growth opportunities. That said, they believe, acceleration in the business from here will be more difficult, while the valuation also leaves limited room for a potential slow down.
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