Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Jim Cramer Would Buy Ulta on Goldman Sachs Downgrade

Jim Cramer

On CNBC’s Stop Trading segment, Jim Cramer said he had a “bone to pick”  with Goldman Sachs about its downgrade of Ulta Salon from hold to buy while increasing the price target fro $122 to $132. The stock fell 3%, and Cramer thinks it is a buy on the decline, particularly because it is likely to do well during the holidays and he has faith in the CEO Mary Dillon.

Critics of the stock have felt that the company was only interested in short-term results, but the company is involved in a multi-year plan to revamp operations. “Goldman Sachs should never have downgraded this stock, ” Cramer said.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News