TD Cowen raised the firm’s price target on Sally Beauty (SBH) to $16 from $13 and keeps a Buy rating on the shares. The firm believes the company faces a bifurcated consumer as stronger hair color trends are offset by a choiceful and more frugal middle-income hair care shopper.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBH: