BUZZ-Elf Beauty rises after Morgan Stanley upgrades to 'overweight' rating
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Makeup company Elf Beauty’sshares up ~9.3% at $111.24Morgan Stanley upgrades ELF to “overweight” from “equal-weight” ratingBrokerage expects ELF’s 2027 adj. EBITDA to be about 18% higher than consensusRaises PT to $134 from $114, ~31.7% upside on stock’s last close14 of 16 brokerages rate stock “buy” or higher, two “hold”; their median PT is $135 - LSEG dataIncluding session’s moves, stock down ~12.4% YTD
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