This beauty stock trading at a discount is building a 'flywheel to drive growth,' Bank of America says

Ulta Beauty 's stock is looking more attractive after a pullback, especially as the retailer could be poised to reap the benefits of its recent investments, according to Bank of America. The bank upgraded the retailer to buy from neutral. It has a $685 price target on shares, suggesting 32% upside from Monday's close. The stock was trading up nearly 3% ahead of the Tuesday's open. …