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UBS reiterates Buy on Ulta Beauty stock citing sustainable growth
UBS has reiterated its “Buy” rating on Ulta Beauty Inc. (NASDAQ:ULTA) with an $810 price target, citing the company’s sustainable profitable growth fueled by strategic investments. The beauty retailer’s stock is currently trading close to its InvestingPro Fair Value, and UBS projects low-double-digit earnings per share growth. This positive outlook comes despite some broader analyst sentiment indicating downward revisions for upcoming period earnings.