Analyst: Retail Stock Could Brave Tariff Headwinds
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Barclays has upgraded Ulta Beauty Inc (NASDAQ:ULTA) to "overweight" from "equal weight," raising its price target to $589 from $518. Following this upgrade, shares rose 1.4% to $527.27. Despite recent bearish sentiment, with 15 out of 27 brokerages holding a "hold" or "strong sell" rating, the stock has gained 40.7% over the past year. Options traders show increased bearish activity, with a 10-day put/call volume ratio of 1.03, indicating a put-bias among short-term traders. Ulta's second-quarter report is expected on August 28.
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