This morning, Jefferies reduced its price target on shares of Ulta Beauty (NASDAQ:ULTA) to $105 as the cosmetics retailer could see growth rates decline and margins slimming. In the report, Jefferies maintained its hold rating. Shares of Ulta were sharply lower on Friday, falling nearly 20% so far.
UBS decreased its price target on shares of Five Below (NASDAQ:FIVE) to $54 after the company reported softer than expected guidance for both the fourth quarter and 2014. In the report, UBS maintained its buy rating. Shares of Five Below were lower by 3.8% on the news.
Sterne Agee downgraded shares of Family Dollar (NYSE:FDO) to an underperform rating as the sector is seeing increased competition. In the report, Sterne Agee set a $56 price target. Shares of Family Dollar were lower by 2.1% following the report.
And Jefferies also downgraded shares of The Gap (NYSE:GPS) from buy to hold noting that a limited view on consumer behavior is a cause for concern. In the report, Jefferies set a $40 price target. Shares of GPS were lower by 3.2% on Friday.
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