Ulta Beauty Stock Surges on JP Morgan's Positive Outlook
Update: 2025-12-01
Description
Ulta Beautys stock soared by over three percent today, following JP Morgans reaffirmation of an Overweight rating and a raised price target. This positive outlook, coupled with hints of potential rate cuts by the Federal Reserve, boosted investor sentiment and drove the share price higher. The increased likelihood of a December rate cut, now at seventy-one percent, is expected to support retailers like Ulta Beauty during the crucial holiday shopping season.
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