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News Breaks | | | | March 15, 2013 | | 08:13 EDT |  | ULTA | Ulta Salon shares should be bought on weakness, says Sterne Agee
After Ulta Salon provided weaker than expected Q1 guidance, Sterne Agee expects the gross margin pressure on the company to weaken, and the firm still believes that the company is one of the most attractive long-term growth stories in retail. The firm maintains a $90 price target and Buy rating on the shares. | |
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