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ULTA Salon (ULTA) Stock Could Jump More Than 15%: Analysts

NEW YORK (TheStreet) -- ULTA Salon, Cosmetics & Fragrances (ULTA - Get Report) stock closed up by 0.33% to $193.75 on Tuesday, after the beauty products retailer's price target was raised to $225 from $195 at Oppenheimer.

The firm, which maintained its "outperform" rating on the Bolingbrook, IL-based company, said the new price target "represents more than 15% potential upside."

"ULTA has represented a top pick for us since we formally launched on the name in January 2015," Oppenheimer analysts wrote in a note this morning. "We quite frankly have been surprised by the magnitude of market share gains lately with...