@Tenbagger2024 Elf Beauty sales trends slowed in last two weeks, says Morgan Stanley
Morgan Stanley analyst Dara Mohsenian tells investors in a research note that Elf Beauty U.S. scanner sales growth slowed to 5.5% year over year in the last two weeks, including Amazon first party, and were down 1.9% year over year in the last week. The firm notes that the timing of Martin Luther King Jr. Day and the LA wildfires pressured beauty category results in the last week. Morgan Stanley has an Overweight rating and $153 price target on the shares.
