BUZZ-Elf Beauty up after Morgan Stanley raises PT on strong performance of Rhode skincare line
Reuters
Oct 08
BUZZ-Elf Beauty up after <a href="https://laohu8.com/S/MTK">Morgan Stanley</a> raises PT on strong performance of Rhode skincare line
** Makeup company Elf Beauty ELF.N shares up 2.5% at $144.10 premarket
** Brokerage Morgan Stanley raises PT to $170 from $134, citing strong performance of Rhode skincare line, following its "record-breaking" launch at Sephora stores
** "We see Rhode as a high-growth, high-margin complement to ELF’s core portfolio," brokerage says
** Fourteen of 17 brokerages rate stock "buy" or higher, three "hold"; their median PT is $150 - data compiled by LSEG
** Up to last close, ELF stock up nearly 12% YTD
(Reporting by Anshi Sancheti in Bengaluru)
((Anshi.Sancheti@thomsonreuters.com))
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