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Ulta: Beauty Is In The Eye Of The Shareholder, Says Goldman Sachs

Wal-Mart (WMT) isn't the only retailer that Goldman Sachsis bullish on: Ulta Beauty (ULTA) is gaining ground Friday after the firm upgraded the stock and added it to its Conviction Buy List.

Illustration: Pixabay

Analyst Matthew Fassler and his team upgraded the shares to Buy from Neutral, with a $310 price target. He writes that the shares look attractive after their recent selloff, given that he expects Ulta to notch market share gains and continue to boast...