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Ulta Salon (ULTA) Stock Price Target Upped Ahead of Q1 Results

NEW YORK (TheStreet) -- Before Monday's market open, Ulta Salon, Cosmetics & Fragrances' (ULTA) price target was raised to $235 from $225 by Oppenheimer analysts, who maintained an "outperform" rating on the beauty products retailer.

The Bolingbrook, IL-based company is expected to deliver strong results when it reports its fiscal 2016 first quarter financial report on Thursday after the market close.

"Based on our work, we expect another solid quarter and believe recent industry developments--particularly accelerating challenges in the department store channel--bode well for ULTA's ability to sustain comp momentum," Oppenheimer analysts said in a note released this...