Reported about 1 month ago
B. Riley analyst Anna Glaessgen has lowered the price target for Elf Beauty (ELF) from $150 to $90 while maintaining a Buy rating on the shares. This adjustment follows a significant drop in stock prices after earnings reports, reflecting a slowdown in demand as the fiscal year progresses. The firm's revised estimates account for a challenging near-term outlook and project a gradual recovery in sales throughout the year.
Source: YAHOO