Olaplex price target raised to $2.06 from $2 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Olaplex (OLPX) to $2.06 from $2 and keeps a Market Perform rating on the shares. The transaction between Henkel (HENKY) and Olaplex does not come as a surprise, with the firm believing Henkel is a “natural acquisition fit” given its branded haircare product portfolio, the analyst tells investors.