Oppenheimer Offers Q1 Preview For Ulta: A Likely Stand Out In A Mixed Retail Backdrop

Oppenheimer analyst Rupesh Parikh previewed

's first-quarter results in a research note Monday morning. The analyst maintains an Outperform rating and $235 price target on the stock ahead of the company's May 26 earnings report. "Ulta likely again stands out in a mixed retail backdrop," Parikh said. "We would be buyers on any potential pullback should shares succumb to profit taking. ULTA remains a top pick," according to the Oppenheimer analyst. Shares of Ulta closed down 1.2 percent at $206.02 Monday afternoon.