Citi Initiates Buy on e.l.f. Beauty Citing Robust Growth Prospects and Margin Expansion
Citigroup has started coverage of e.l.f. Beauty with a Buy recommendation, highlighting the company’s anticipated revenue growth exceeding industry peers and improvement in profit margins. Key drivers include market share gains for e.l.f.’s flagship brand, expanded distribution for the rhode brand acquisition, and expected pricing adjustments. Desp…