Elf Beauty rises after Morgan Stanley upgrades to 'overweight' rating
ReutersAug 11, 2025 3:49 PM
** Makeup company Elf Beauty's ELF.N shares up ~9.3% at $111.24
** Morgan Stanley upgrades ELF to "overweight" from "equal-weight" rating
** Brokerage expects ELF's 2027 adj. EBITDA to be about 18% higher than consensus
** Raises PT to $134 from $114, ~31.7% upside on stock's last close
** 14 of 16 brokerages rate stock "buy" or higher, two "hold"; their median PT is $135 - LSEG data
** Including session's moves, stock down ~12.4% YTD
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