Several leading retail companies will report quarterly financial earnings this week, which comes shortly after the key Black Friday and Cyber Monday shopping holidays.
Ulta’s third-quarter results are up against difficult comparable sales, Telsey analyst Dana Telsey said. The analyst, who had an Outperform rating and $600 price target, said the beauty category is showing resilience. “Across both prestige and mass, beauty has remained strong and Ulta continues to gain share, across all major categories,” Telsey said. “Overall, the beauty category continues to be attractive and resilient.”
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