Olaplex Holdings price target lowered to $1.50 from $2 at Canaccord

Canaccord lowered the firm’s price target on Olaplex Holdings (OLPX) to $1.50 from $2 and keeps a Hold rating on the shares. The firm said they reported Q2 results with sales turning positive for the first time in nine quarters but said they remain on the sidelines until they see more consistent positive results across the business.