10 Best Rebound Stocks To Invest In Now

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2. e.l.f. Beauty, Inc. (NYSE:ELF)

Number of Hedge Fund Holders: 40    

Year-To-Date Decline in Share Price: 31.2%    

e.l.f. Beauty, Inc. (NYSE:ELF) provides cosmetic and skin care products. Morgan Stanley recently upgraded the stock to Overweight from Equal Weight, with a corresponding hike of 10% in the target price to $153. Analysts Dara Mohsenian and Eric Serotta laid out several key factors contributing to the upgrade including the upside potential in revenue in the second half of this year, recent scanner data that shows factors that contributed to a pullback in the stock re-accelerating, easier comparison data, and negatives that were previously a concern now easing. Morgan Stanley also views potential tariffs as a wildcard but manageable versus what is currently priced into the stock price.

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