Is Ulta Beauty Stock Headed Back Down to $230?

Ulta Beauty (NASDAQ: ULTA) has attracted another conflicted Wall Street pro. An analyst at Loop Capital this week boosted his price target on the retailer's stock while keeping his rating at a hold and predicting declines in the share price over the short term.

Analyst Anthony Chukumba moved his price prediction up to $230 per share from $210 but remains bearish following the spa and beauty giant's weak first-quarter earnings report.

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Source Fool.com