Northland analyst Owen Rickert downgraded Olaplex (OLPX) to Market Perform from Outperform after the company agreed to be acquired by Henkel for $2.06 per share in cash.
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Read More on OLPX:
- M&A News: Why is Olaplex Stock (OLPX) up Over 50% Today?
- Olaplex to be acquired by Henkel for $2.06 per share in cash
- Olaplex Earnings Call: Investment Phase Tests Patience
- Olaplex Warns Tax-Law Limits and Potential Ownership Change Could Restrict Use of Net Operating Losses
- Olaplex price target lowered to $2.50 from $4 at Evercore ISI