Piper Sandler Reiterates OW Rating on Sally Beauty Holdings (SBH) Following Hair Salon Survey

Piper Sandler analyst Korinne Wolfmeyer reiterated an Overweight rating and $17.00 price target on Sally Beauty Holdings (NYSE: SBH).

The analyst said: "We reiterate our OW rating on SBH ($17 PT) and Neutral rating on OLPX ($1.50 PT) following our quarterly hair salon survey to 107 stylists across the U.S. and Canada. With an attractive valuation and limited risk to the consistent positive comps that should support shares, the setup for SBH continues to look attractive. As for OLPX, we are seeing good reads around brand perception in the U.S. and innovation initiatives, but there's still heavy uncertainty with the marketing and international challenges brought up on the Q3 call that we believe are worth waiting out."

For an analyst ratings summary and ratings history on Sally Beauty Holdings click here. For more ratings news on Sally Beauty Holdings click here.

Shares of Sally Beauty Holdings closed at $13.93 yesterday.

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