Barclays upgraded Ulta Beauty (ULTA.US) to "overweight": standing out in the beauty category, with minimal impact from tariffs and promising growth prospects.

According to the Zhitong Finance APP, Ulta Beauty (ULTA.US) will soon announce its second quarter performance next week. In the meantime, Barclays has upgraded the stock from "Neutral" to "Buy" and raised the target price by 14% to $589, implying a 13% upside potential compared to Thursday's closing price. It is expected that Ulta's same-store sales momentum will continue to improve, and the company is relatively less affected by tariff pressures, with unit cost increases negligible at just 0.2%.