Ulta Beauty Could Turn Target Partnership Exit into a Revenue Growth Opportunity, Analyst Says
BofA Securities reiterates a Buy rating on Ulta Beauty (NYSE: ULTA), citing $650M in target GMV recapture opportunities. Read the analyst breakdown on revenue and EBIT growth.
Ulta Beauty is leaving Target stores, but an analyst thinks this could actually help Ulta grow by selling more stuff directly to those same customers instead. When a company finds new ways to make money after a change, that's worth paying attention to.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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