ELF - Beauty trends in focus with price target cuts to Ulta and e.l.f. - analyst
2024-05-20 10:41:13 ET
Increased competition from e-commerce and market share gains from rival Sephora have made Piper Sandler more cautious on Ulta Beauty ( NASDAQ: ULTA ) but the firm remains bullish as research shows customers are still shopping in brick-and-mortar stores as a source for “beauty discovery.”...
Beauty trends in focus with price target cuts to Ulta and e.l.f. - analyst