Ulta Salon, Cosmetics & Fragrance, Inc.’s (ULTA) Earnings Estimate Raised
By Benzinga Staff
March 12, 2010 11:56 AM
March 12, 2010 11:56 AM
Symbols: ULTA
Analyst Evren Kopelman at Wells Fargo Securities has released an update on Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA). The company is one of Wells Fargo’s top picks.
Wells Fargo believes that Ulta Salon will continue to gain market share, which will be driven by the pace of store openings, convenient locations, and attractive shopping environment.
Wells Fargo has raised 2010 EPS estimate from $0.80 to $0.84. The valuation range for Ulta Salon has also been raised from $25-$26 to $26-$27.
Wells Fargo Securities continues to rate Ulta Salon, Cosmetics & Fragrance, Inc. as Outperform.
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