Analysts Offer Insights on Services Companies: Ulta Beauty Inc (ULTA) and FedEx (FDX)


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Ulta Beauty Inc (ULTA) and FedEx (FDX) with bullish sentiments.

Ulta Beauty Inc (ULTA)

In a report released today, Simeon Gutman from Morgan Stanley maintained a Buy rating on Ulta Beauty Inc, with a price target of $355. The company’s shares closed on Friday at $338.41, close to its 52-week high of $345.24.

According to TipRanks.com, Gutman is a 3-star analyst with an average return of 3.6% and a 52.9% success rate. Gutman covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Wal-Mart Stores Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ulta Beauty Inc with a $334.56 average price target, representing a -1.1% downside. In a report issued on March 8, J.P. Morgan also maintained a Buy rating on the stock with a $345 price target.

See today’s analyst top recommended stocks >>

FedEx (FDX)

Raymond James analyst Patrick Brown maintained a Buy rating on FedEx today and set a price target of $230. The company’s shares closed on Friday at $177.98.

According to TipRanks.com, Brown is a top 100 analyst with an average return of 15.4% and a 77.7% success rate. Brown covers the Services sector, focusing on stocks such as Kansas City Southern, Genesee & Wyoming, and XPO Logistics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for FedEx with a $215.24 average price target, a 20.9% upside from current levels. In a report issued on March 7, Citigroup also maintained a Buy rating on the stock with a $210 price target.

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