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Ulta stock rises on bullish call from Citi

Yahoo Finance Live’s Brian Sozzi discusses the rise in stock for Ulta after a Citi analyst’s bullish call.

Video transcript

BRIAN SOZZI: All right, before we head to break, we're tracking a bullish call out of Citi on Ulta ahead of its earnings report on Thursday. Citi analyst Kelly Crago sees big top and bottom line beats out of Ulta on the back of strong sales of higher end cosmetics. Crago says expectations on Ulta's quarter and guidance are high. But if Ulta beats those high expectations, Crago thinks Ulta stock will react positively.