ELF Beauty (ELF) Sees Concentrated Sales In Box Retailers

ELF Beauty's (ELF) price target was raised to $94 from $75 with an overweight rating, by Morgan Stanley. George Tsilis joins Alex Coffey and Jenny Horne to discuss ELF. Morgan Stanley notes that ELF’s accelerated U.S. scanner data sales in 1Q confirm a near-term upside, and it is their preferred SMID cap name in North American beauty. George talks about how ELF has products that still get purchased during a recession, and the company has concentrated sales in many big box retailers. He also notes that ELF has had robust sales growth in the last year. Tune in to find out more about the stock market today.