BUZZ-Elf Beauty rises after BofA lifts price objective

Reuters12-14

** Cosmetics company Elf Beauty's ELF.N shares up 2.4% at $134.64

** Brokerage Bank of America raises PT to $180 from $165

** Says ELF's expansion into Dollar General DG.N is a boost because of a lack of beauty options, and believes ELF can dominate with its accessible entry-level price points

** However, believes recent revenue forecast for year-on-year growth is conservative, given strong international growth and expansion in the U.S.

** BofA also believes ELF to be able to effectively navigate potential tariffs proposed by President-elect Donald Trump through a combination of pricing, cost savings, supplier concessions and diversification

** Thirteen of 18 brokerages rate the stock "buy" or higher, and five "hold"; their median PT is $155

** ELF has fallen 7% YTD, including session's moves

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com))

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