Ulta Salon lifted by Goldman Sachs

|About: Ulta Salon, Cosmetics & F... (ULTA)|By:, SA News Editor

Shares of Ulta Salon (ULTA +4.3%) are moving higher after Goldman Sachs comes in with an upgrade to a Buy rating.

The investment firm sees growth opportunities for the retailer and thinks increased buyback activity is on the table.

The PT on Ultra Salon is lifted to $118 by Goldman.