Jefferies raised the firm’s price target on Sally Beauty (SBH) to $14.50 from $12.80 and keeps a Hold rating on the shares. Alternative data and early reports suggest a sequential improvement for the beauty industry in Q3, says the analyst, who expects companies in the group to issue “conservative” outlooks given the degree of caution around consumer behavior.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBH: