In This Article:
TD Cowen analyst Oliver Chen upgraded Sally Beauty (SBH) to Buy from Hold with a price target of $16, up from $14. The firm likes Sally Beauty’s combination of a “modest valuation” with comp consistency. The comps are underpinned by the company’s’ hair color and care category leadership and innovation, marketing and store enhancements, and attractive free cash flow to drive further debt reduction and upside from buybacks, the analyst tells investors in a research note. TD is also positive on Sally’s new customer acquisition, pro customer stability and store modernization efforts.
Don't Miss our Black Friday Offers:
-
Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
-
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SBH: