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J.P. Morgan Increases Its Price Target on Ulta Salon, Cosmetics, & Fragrance to $40 (ULTA)
Monday, January 31, 2011 - 9:19am | 120J.P. Morgan is out with its report today on Ulta Salon, Cosmetics, & Fragrance (NASDAQ: ULTA), increasing its price target from $38 to $40. In a note to clients, J.P. Morgan writes, "The company had stated that its long-term target is to achieve low double-digit operating margin over the next 3...