Analysts’ Top Services Picks: Ulta Salon (ULTA), Lululemon Athletica Inc (LULU)

By Jason Carr

Analysts fell to the sidelines weighing in on Ulta Salon (NASDAQ:ULTA) and Lululemon Athletica Inc (NASDAQ:LULU) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Ulta Salon (ULTA)

In a report released today, Mark Astrachan from Stifel Nicolaus maintained a Hold rating on Ulta Salon, with a price target of $235. The company’s shares closed yesterday at $244.41.

According to TipRanks.com, Astrachan is a 4-star analyst with an average return of 7.9% and a 63.5% success rate. Astrachan covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Monster Beverage Corp, and Colgate-Palmolive.

Currently, the analyst consensus on Ulta Salon is a Moderate Buy with an average price target of $265.50, an 8.6% upside from current levels. In a report issued on August 20, Loop Capital Markets also maintained a Hold rating on the stock with a $250 price target.

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Lululemon Athletica Inc (LULU)

In a report released today, Jim Duffy from Stifel Nicolaus maintained a Hold rating on Lululemon Athletica Inc, with a price target of $150. The company’s shares closed yesterday at $137, close to its 52-week high of $140.42.

According to TipRanks.com, Duffy is a 4-star analyst with an average return of 9.2% and a 64.3% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Fox Factory Holding, and Clarus Corporation.

Currently, the analyst consensus on Lululemon Athletica Inc is a Moderate Buy with an average price target of $141.05, representing a 3.0% upside. In a report issued on August 21, Needham also maintained a Hold rating on the stock.

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