Against the backdrop of a populous teen beauty scene, Ulta Beauty Inc ULTA is looking pretty. The Rating PiperJaffray analyst Erinn Murphy upgraded Ulta form Neutral to Overweight and raised the price target from $212 to $236. The Thesis PiperJaffray’s Teen Survey revealed a multitude of factors in Ulta’s favor, Murphy said in a Tuesday report. SourceA bit of upside still holds. $ULTA, Ulta Beauty, Inc. / D