Raymond James upgraded Sally Beauty (SBH) to Market Perform from Underperform without a price target The firm says a number of he company’s initiatives to drive more consistent sales growth “look more promising,” while its cost efficiencies should support modest margin expansion over the medium-term. The stock’s valuation is “undemanding” and Sally Beauty’s leverage is now down to two-times, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBH: